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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 13: Money and the Financial System
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    Money That Is Acceptable Because the Government Requires That It
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Money That Is Acceptable Because the Government Requires That It

Question 92

Question 92

Multiple Choice

Money that is acceptable because the government requires that it be accepted in payment of debt is _____.


A) legal tender
B) commodity money
C) bad money
D) backed by government's wealth
E) hoarded by the people

Correct Answer:

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