Fiat money is money: a. accepted by law regardless of its intrinsic value. b. C. d. that is not included as part of the M1 money supply. that is backed by gold or silver held on reserve by the government. such as coins that are made from metal. b с d

Fiat money is money: a. accepted by law regardless of its intrinsic value. b. C. d. that is not included as part of the M1 money supply. that is backed by gold or silver held on reserve by the government. such as coins that are made from metal. b с d

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section: Chapter Questions

Problem 11AA

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Fiat money is money:
a. accepted by law regardless of its intrinsic value.
b.
C.
d.
that is not included as part of the M1 money supply.
that is backed by gold or silver held on reserve by the government.
such as coins that are made from metal.
b
d

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