Governments in the world today do not issue paper that can be redeemed for gold.
Correct Answer:
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Q25: What is money,what are the main functions
Q26: What is 'commodity money'? Give an example.
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Q28: Paper currency:
A)is commodity money.
B)is fiat money.
C)is barter
Q30: Which of the following criteria would make
Q31: 'Fiat money':
A)has no or very little value
Q32: List the five criteria necessary in order
Q38: Explain why Australia's currency is suitable to
Q38: Fiat money is generally issued by
A)private banks.
B)central
Q40: In Australia, currency includes:
A)gold, silver and paper
Q235: What are the functions of money?
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