Which of the following information about fiat money is false?
A) It must be issued by a sanctioned monetary authority.
B) It serves as a medium of exchange.
C) It has virtually no intrinsic value.
D) All of the above statements about fiat money are true.
A
Economics
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Your electrician accepts payment only in cash in order to avoid taxes. If you pay him $100, ________
A) the GDP of your country will increase B) the GDP of your country will remain unchanged C) the trade surplus of your country will increase D) the GDP of your country will fall
Economics
What is the difference between federal purchases and federal expenditures?
What will be an ideal response?
Economics