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  3. Study Set
    Principles of Money Banking
  4. Exam
    Exam 2: The Role of Money in the Macroeconomy
  5. Question
    In the United States, Currency Is
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In the United States, Currency Is

Question 58

Question 58

Multiple Choice

In the United States, currency is


A) backed by gold.
B) backed by silver.
C) backed by nothing tangible.
D) a liability on the books of commercial banks.

Correct Answer:

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