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  3. Study Set
    Economics A Contemporary Introduction
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    Exam 14: Money and the Financial System
  5. Question
    Fiat Money
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Fiat Money

Question 162

Question 162

Multiple Choice

Fiat money


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

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