Multiple Choice
Fiat money
A) is worthless.
B) has no intrinsic value.
C) may be used as a medium of exchange,but is not legal tender.
D) refers to highly liquid assets that do not serve as a medium of exchange.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q59: Which of the following is an example
Q60: The ease with which an asset can
Q61: Dollar bills,rare paintings,and emerald necklaces are all<br>A)media
Q62: Credit cards are<br>A)a medium of exchange.<br>B)counted as
Q63: The primary difference between commodity money and
Q65: For purposes of analyzing the money stock
Q66: Which of the following is included in
Q67: Which of the following best illustrates the
Q68: Small time deposits are included in<br>A)M1 but
Q69: Money market mutual funds are included in<br>A)M1