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    Exam 5: Policy Makers and the Money Supply
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    Currently, the Backing for Federal Reserves Notes Is Primarily in the Form
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Currently, the Backing for Federal Reserves Notes Is Primarily in the Form

Question 21

Question 21

Multiple Choice

Currently, the backing for Federal Reserves notes is primarily in the form of:


A) gold certificates
B) gold bullion
C) eligible paper (business notes and drafts)
D) none of the above

Correct Answer:

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