Representative full-bodied money consists of paper money fully backed by a precious metal.
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Q29: Our monetary standard today is the paper
Q30: Full-bodied money is a monetary standard based
Q31: Purchasing power is increased by inflation.
Q32: Physical money includes coin and currency.
Q33: How easily and with little loss of
Q35: The U.S. dollar was defined in terms
Q36: Purchasing power is the amount of gold
Q37: Starting in 1934, U.S. citizens were prohibited
Q38: Fiat money is paper money fully backed
Q39: No other asset is as liquid as
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