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    Macroeconomics A Contemporary Introduction Study Set 1
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    Exam 13: Money and the Financial System
  5. Question
    Fiat Money
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Fiat Money

Question 62

Question 62

Multiple Choice

Fiat money:


A) has value because people accept it.
B) has a high intrinsic value.
C) is backed by commodity reserves.
D) is money because of its metallic content.
E) is frequently clipped.

Correct Answer:

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