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Author Question: A currency that is not backed by gold, silver, or any other precious commodity equal to the face ... (Read 118 times)

rmenurse

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on: Apr 19, 2019

Question 1

When Mexico experiences a period of high inflation and Mexicans lose confidence in their peso as a store of value, which of the following would be most likely to occur?


◦ The demand for pesos would increase.
◦ The buying power of the peso would increase.
◦ The value of foreign currencies would depreciate relative to the peso.
◦ Mexicans would use a different currency as a medium of exchange.

Question 2

A currency that is not backed by gold, silver, or any other precious commodity equal to the face value of the money is known as


◦ fake money.
◦ weak money.
◦ token money.
◦ commodity money.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by rmenurse on Apr 19, 2019

nothere

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rmenurse

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
Excellent

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