Money that has no intrinsic value and is created by a government decree is called
A) barter money. B) fiat money.
C) commodity money. D) asset money.
B
Economics
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In the current international monetary system, what is the role for gold?
a. The system is a gold-exchange standard, based on a fixed value for a key currency. b. Gold backs each currency, and therefore, the system as a whole. c. It serves as the principal reserve asset. d. It has no role.
Economics
The supply curve shifts to the right when a seller sells a good.
Answer the following statement true (T) or false (F)
Economics