Multiple Choice
Which of the following statements is most correct?
A) Both gold and silver have now been completely removed from any monetary role in the U.S. economy.
B) Savings deposits and small time deposits at depository institutions constitute part of the M1 money supply definition.
C) Fiat money is gold coins issued by central banks under authority of the government.
D) The monetary system of the United States today is based on a dollar standard, and the dollar can be converted into gold.
Correct Answer:
Verified
Correct Answer:
Verified
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