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    Exam 13: Amoney and the Banking System
  5. Question
    Stores Need Not Accept Your Check but Must Accept Currency
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Stores Need Not Accept Your Check but Must Accept Currency

Question 2

Question 2

Multiple Choice

Stores need not accept your check but must accept currency because


A) currency is backed by gold.
B) checks are not money but currency is.
C) currency is legal tender;checks are not.
D) currency is easier to handle.
E) currency is a medium of exchange;checks are not.

Correct Answer:

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