Question 1
Which of the following is
not a form of commodity money?
◦ checks
◦ cigarettes
◦ precious stones
◦ All of these
Question 2
Legal tender is
◦ money that must be backed by gold.
◦ money that cannot be counterfeited.
◦ money that has a value other than as a currency.
◦ money that a government has required to be accepted in settlement of debts.