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  3. Study Set
    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 13: Money and the Financial System
  5. Question
    Federal Reserve Notes Are _____
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Federal Reserve Notes Are _____

Question 21

Question 21

Multiple Choice

Federal Reserve notes are _____.


A) checks
B) commodity money
C) coins
D) backed by gold
E) fiat money

Correct Answer:

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