Which of the following is a good with intrinsic value?
A) Cigarettes
B) Fish
C) Gold
D) All of these goods have intrinsic value.
Correct Answer:
Verified
Q15: Money has replaced the need to barter,
Q16: Which of the following is a good
Q17: Money can serve as a:
A) store of
Q18: Wide acceptance of money without intrinsic value
Q19: If a good with intrinsic value loses
Q21: If there were no fractional reserve banking:
A)
Q22: Any amount that a bank chooses to
Q23: The amount that a bank is legally
Q24: Commodity-backed money is:
A) any form of money
Q25: The smaller the reserve ratio, the:
A) less
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