The essential difference between paper money and coins as forms of money is that
A) paper money serves as a unit of account while coins do not.
B) the metallic content of coins makes them more acceptable as money.
C) paper is paper and not metal. The metal is more durable.
D) paper money issued by the Federal Reserve Board is backed by gold while coins are not.
C
Economics
You might also like to view...
A green pasture has turned barren due to overgrazing. This happened because the pasture was ________
A) excludable and rival B) non-excludable and non-rival C) excludable but non-rival D) non-excludable but rival
Economics
Which of the following will increase the wage rate?
A) an increase in the adult population B) an increase in the retirement age C) an improvement in technology that increases the marginal product of labor D) Both answers A and B are correct.
Economics