Multiple Choice
When colonists in Virginia used tobacco as money,their money
A) was commodity money.
B) had no intrinsic value.
C) was fiat money.
D) had no store of value.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following best illustrates the
Q2: M1 includes<br>A)small time deposits.<br>B)savings deposits.<br>C)other checkable deposits.<br>D)money
Q4: Paper dollars<br>A)are commodity money and gold coins
Q5: Fiat money<br>A)has no intrinsic value.<br>B)is backed by
Q6: Jim transfers money from his money market
Q7: M1 includes<br>A)currency.<br>B)demand deposits.<br>C)traveler's checks.<br>D)All of the above
Q8: Which of the following is included in
Q9: Credit cards<br>A)represent the largest component of M1.<br>B)are
Q10: Given the following information,what are the <img
Q11: Demand deposits are a type of<br>A)checking account.<br>B)time