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Author Question: Bills and coins make up about __________. a) 50-60 of the total money supply b) 5-10 of the ... (Read 56 times)

Awilson837

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on: Sep 4, 2018
Bills and coins make up about __________.
 
  a) 50-60 of the total money supply
  b) 5-10 of the total money supply
  c) 100 of the money supply
  d)15-20 of the money supply

Question 2

Commodity or fiat money is __________.
 
  a) backed by nothing more than the guarantee of the state
  b) backed by the promise of banks to exchange it for gold
  c) a kind of money first used by the indigenous peoples of Oceania
  d) refers only to money contained in checking accounts


shoemake

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Reply #1 on: Sep 4, 2018
Answer to Question 1

b

Answer to Question 2

a


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