Which of the following characteristics is true of paper currency? O It is the only type of money included in M1. O It includes demand deposits. O It is a type of commodity. O It is the biggest component of M3. O It is fiat money.

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Q: YCS MPC | MPS APC | APS S=MPC = MPS = APC =APS = 300 360 410 400 600 510 800 250 1050 0.32

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