Coins and dollar bills are money in the form of

a. barter
b. currency
c. value
d. capital
e. specie

B

Economics

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Explain the process by which the banking system creates money

What will be an ideal response?

Economics

When a person bases her future expectations for the economy on all available current data and her own judgment about future policy effects, this is known as

A) the policy irrelevance proposition. B) rational expectations. C) irrational expectations. D) the new classical theory.

Economics