Author Question: A fiduciary monetary system ultimately rests on A) the value of the assets backing up the system. ... (Read 91 times)

melly21297 · **on:** Jun 30, 2018

A fiduciary monetary system ultimately rests on

A) the value of the assets backing up the system. B) the public's confidence in the system.
C) the difficulty of counterfeiting the currency. D) the value of the metal backing up the system.

Question 2

Refer to the figure above. What is the equilibrium rate of interest when the credit demand curve is CD2 and the credit supply curve is CS1?

A) 3 B) 4 C) 5 D) 2