A) Commodity money is created by the government while fiat money is created in the private sector.
B) Fiat money is created by the government while commodity money is created by the government.
C) Commodity money can be used for transactions in the international market, while fiat money cannot be used for transactions in the international market.
D) Fiat money has value decreed by the government, while commodity money is valued because of the material it is made of.
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Inside money is created by the private s...View Answer
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A) slower will be the rate at which money will lose value.
B) lower will be the will to spend money.
C) lower will be the will to hold money.
D) lower will be the will to invest money.
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The major drawbacks are that the governm...View Answer
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M1 grew rapidly because of demand for U....View Answer
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A) fiat money.
B) glitter money.
C) full-bodied money.
D) inside money.
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A) coins, paper currency, and travelers checks.
B) coins, paper currency, travelers checks, and amounts in checking accounts.
C) coins, paper currency, travelers checks, and amounts in checking accounts and savings accounts.
D) coins, paper currency, travelers checks, and amounts in checking accounts and retail money-market mutual funds.
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