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:

Verified
Correct Answer:
Verified
Related Questions
Q87: Alan puts $20,000 in an uninsured savings
Q88: Which of the following is true of
Q89: Which of the following statements is true
Q90: The reserve ratio is the ratio of:<br>A)Federal
Q91: The first step in the evolution of
Q93: Which of the following is true if
Q94: The more specialized labor becomes,the:<br>A)less likely it
Q95: People came to accept fiat money because
Q96: Between 1930 and 1933,many banks in the
Q97: A subprime mortgage is:<br>A)a mortgage in which