Multiple Choice
Which of the following characterizes currency?
A) It has intrinsic value.
B) It has no intrinsic value.
C) It may be used as a medium of exchange but is not legal tender.
D) It performs all the functions of money except providing a unit of account.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: Which of the following is the function
Q16: The banking system has $20 million in
Q18: Which of the following best describes the
Q19: When was the Bank of Canada Act
Q21: For how long is the governor of
Q22: To increase the money supply, which of
Q23: At one time, the country of Sylvania
Q24: Which of the following characterizes fiat money?<br>A)It
Q25: Suppose Heather receives a payment in cash
Q166: Credit cards are not a medium of