Which of the following backs our money supply? a. The words This ...

[RODY.ELKHALIL]

Which of the following backs our money supply?
 a. The words This note is legal tender.
 b. The faith in the government
 c. The faith that people will take it in exchange for goods and services
  d. Precious metals

Question 2

When the FOMC sets a monetary policy, it first identifies its intermediate target and then works accordingly to achieve its ultimate goal.
 a. True
  b. False
  Indicate whether the statement is true or false

[Loise Hard]

Answer to Question 1

c

Answer to Question 2

False