Multiple Choice
In order for something to be used as money,it must be _____.
A) issued by the government
B) issued by banks
C) declared to be money
D) generally acceptable
E) made of something valuable
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q11: Money market mutual funds:<br>A)offer higher rates of
Q12: A lender of last resort is a
Q13: Only Federal Reserve banks can issue paper
Q14: The reserve requirement refers to:<br>A)the fraction of
Q15: A major reason for the development of
Q17: If people use quartz as a medium
Q18: The primary purpose of the Federal Open
Q19: Barter was more feasible in primitive societies
Q20: Which of the following is not a
Q21: Federal Reserve notes are _.<br>A)checks<br>B)commodity money<br>C)coins<br>D)backed by