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Money and Banking
?
Under a fiat-money standard the value of the circulating medium of exchange is guaranteed by
some precious commodity such as gold or silver.
by the taxing and borrowing powers of the government.
the paper it is printed on.
does not have any value.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
by the taxing and borrowing powers of the government.
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