43)Silver used as money was called _______ and ______ Select one: a. Commodity money; A discovery of silver would lead to deflation b. Fiat Money; A discovery of silver would lead to inflation c. Fiat Money; A discovery of silver would lead to deflation d. Commodity money; A discovery of silver would lead to inflation
43)Silver used as money was called _______ and ______ Select one: a. Commodity money; A discovery of silver would lead to deflation b. Fiat Money; A discovery of silver would lead to inflation c. Fiat Money; A discovery of silver would lead to deflation d. Commodity money; A discovery of silver would lead to inflation
Chapter13: Money And The Financial System
Section: Chapter Questions
Problem 1.5P
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43)Silver used as money was called _______ and ______
Select one:
a. Commodity money; A discovery of silver would lead to deflation
b. Fiat Money; A discovery of silver would lead to inflation
c. Fiat Money; A discovery of silver would lead to deflation
d. Commodity money; A discovery of silver would lead to inflation
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