Multiple Choice
All U.S.paper dollars read "This note is legal tender for all debts,public and private." This statement represents which characteristic of US currency?
A) The U.S.operates under the gold standard.
B) U.S.paper money is commodity money.
C) U.S.paper money is fiat money.
D) U.S.paper money is a convenient store of wealth.
Correct Answer:
Verified
Correct Answer:
Verified
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