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jonnyjon jonnyjon
wrote...
Posts: 450
5 years ago

Question 1.

A currency that is not backed by gold, silver, or any other precious commodity equal to the face value of the money is known as



▸ fake money.

▸ weak money.

▸ token money.

▸ commodity money.

Question 2.

After World War II, cigarettes were used as money in Germany. This is an example of



▸ fiat money.

▸ legal money.

▸ token money.

▸ commodity money.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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1 Reply
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Answer verified by a subject expert
mnp2357mnp2357
wrote...
Posts: 404
5 years ago
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jonnyjon Author
wrote...

5 years ago
This site is awesome
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Thanks for your help!!
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