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Money without intrinsic value and used as money because of government decree is called, a. commodity money b. barter system c. fiat money d. gold

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section14.1: The Functions And Characteristics Of Money

Problem 1R

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QUESTION 20 Money without intrinsic value and used as money because of government decree is called, a. commodity money b. barter system c. fiat money d. gold

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