Goldsmiths who issued receipts for the customer deposits of gold or silver coins were probably the originators of
A) money.
B) paper money.
C) seignorage.
D) Federal Reserve notes.
B
Economics
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Eminent domain
A) is used only in the United States. B) is legal only in market economies. C) is authorized only in member-nations of the United Nations. D) is used by virtually all governments.
Economics
Discount rate policy is ________ tool of the Fed in its attempts to influence ________, and thus the money supply
A) an unnecessary, the reserve-holding ratio B) an unnecessary, high-powered money C) a necessary, the reserve-holding ratio D) a necessary, high-powered money
Economics