Dollar bills in the modern economy serve as money because A.they are backed by the gold...
Dollar bills in the modern economy serve as money because
A.they are backed by the gold stored in Fort Knox.
B.they can be redeemed for gold by the central bank.
C.they have value as a commodity independent of their use as money.
D.people have confidence that others will accept them as money.
Homework Answers
The correct option is D.)people have confidence that others will accept them as money.
Dollar bills in the modern economy serve as money because people have confidence that others will accept them as money.
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Dollar bills in the modern economy serve as money because
A.they are backed by the gold...
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please help with a detailed, fully explained answer
for Question 2. thank you
Read the case study below and answer the questions. SHORT RUN STABILIZATION AND LONG RUN COMPETITIVENESS: THE LAVITAN CASE Growth of a young country Latvia - a small, young country on the east coast of the Baltic Sea -has recently earned the title of a "tiger". After gaining its independence from the Soviet Union in 1991, the country embarked upon a challenging road of transitioning from a...
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