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The Reason We Are Willing to Accept Money with No

Question 413

Multiple Choice

The reason we are willing to accept money with no intrinsic value is that


A) paper currency may be exchanged for full-bodied money.
B) the money supply is backed by an equal amount of gold and silver.
C) we have a fiduciary monetary system in which currency is widely acceptable.
D) the value of the money varies directly with changes in the price level.

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