This topic contains a solution. Click here to go to the answer

Author Question: Fiat money is money: a. accepted by law regardless of its intrinsic value. b. that is not included ... (Read 84 times)

dalyningkenk

  • Hero Member
  • *****
  • Posts: 598
Fiat money is money:
 a. accepted by law regardless of its intrinsic value.
  b. that is not included as part of the M1 money supply.
  c. that is backed by gold or silver held on reserve by the government.
  d. such as coins that are made from metal.

Question 2

A country's balance on current account will always equal its balance on capital account.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

DylanD1323

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

a

Answer to Question 2

True





 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

For a complete list of videos, visit our video library