menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 12
  4. Exam
    Exam 10: Money, the Federal Reserve, and the Interest Rate
  5. Question
    A Currency That Is Not Backed by Gold, Silver, or Any
Solved

A Currency That Is Not Backed by Gold, Silver, or Any

Question 169

Question 169

Multiple Choice

A currency that is not backed by gold, silver, or any other precious commodity equal to the face value of the money is known as


A) fake money.
B) weak money.
C) token money.
D) commodity money.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q164: Suppose the required reserve ratio is 25%.

Q165: Assume that banks become less conservative in

Q166: As the central bank of the United

Q167: A decrease in nominal income will lead

Q168: In an economy that uses commodity money,

Q170: When checks are exchanged between banks, the

Q171: The interest rate that commercial banks charge

Q172: Government bonds are government securities with terms

Q173: Which of the following is considered a

Q174: Which of the following is an example

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines