Solved

An Element of Trust Is Built into Money Because

Question 55

Multiple Choice

An element of trust is built into money because


A) the government maintains a monopoly over the money supply, and people tend to trust monopolies.
B) one must expect that it will still have value when the holder of money wants to spend it in the future.
C) people must trust that the government can always print more of it if necessary.
D) people must trust the Federal Reserve to prevent banks from failing.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions