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The Main Difference Between Paper Money and Coins as Forms

Question 306

Multiple Choice

The main difference between paper money and coins as forms of money is that


A) the metallic content of coins makes them more acceptable as money.
B) paper money issued by the Federal Reserve Board is backed by gold while coins are not.
C) paper money serves as a unit of account while coins do not.
D) the metal in coins is more durable than paper.

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