Fiat money is money: a. accepted by law regardless of its intrinsic value. b. C. that is not included as part of the M1 money supply. that is backed by gold or silver held on reserve by the government. d. such as coins that are made from metal.
Fiat money is money: a. accepted by law regardless of its intrinsic value. b. C. that is not included as part of the M1 money supply. that is backed by gold or silver held on reserve by the government. d. such as coins that are made from metal.
Chapter14: Money And The Federal Reserve System
Section: Chapter Questions
Problem 10SQ
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Author:
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Publisher:
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