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Loraine Loraine
wrote...
Posts: 4563
8 years ago
The U.S. dollar is called
A) fiat money because the law decrees it is money.
B) faith money.
C) commodity money, because it is convertible into gold.
D) frail money because wear and tear ruins paper bills.
E) convertible money because the government stands ready to convert it into gold or silver.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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Posts: 5500
8 years ago
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8 years ago
No problemo Happy Dummy
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