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    Principles of Macroeconomics
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    Exam 9: The Nature and Creation of Money
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    Money That Some Authority Has Declared Legal Tender Is Called
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Money That Some Authority Has Declared Legal Tender Is Called

Question 31

Question 31

Multiple Choice

Money that some authority has declared legal tender is called


A) fiat money.
B) currency.
C) convertible paper money.
D) commodity money.

Correct Answer:

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