A System That Uses Commodity-Backed Paper Currency Is Most Like

question 30

Multiple Choice

A system that uses commodity-backed paper currency is most like a system that

• A) uses circulating private bank notes.
• B) uses fiat money.
• C) primarily relies on transaction deposits at banks.
• D) uses commodity money.
• E) primarily relied on financial intermediaries.

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Definitions:

Saltcellar

A salt dispenser.

Neptune and Tellus

Artistic representations of the Roman god of the sea, Neptune, and the goddess of the earth, Tellus (or Terra), often symbolizing the unity of sea and land.

Cellini

Benvenuto Cellini, an Italian goldsmith, sculptor, draftsman, soldier, and musician, recognized for his autobiography and masterpieces of Renaissance sculpture.

Female Art Patron

A woman who supports, sponsors, or promotes artists and their work, often instrumental in the development and preservation of arts and culture.