Paper Money

question 23

Multiple Choice

Paper money

• A)is a less efficient form of money than checking deposits.
• B)is as efficient a form of money as coins.
• C)is the most efficient form of money.
• D)must be linked by law to the supply of gold.
• E)is an efficient form of money only if it is backed by a precious commodity.

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Definitions:

Germany

A country in Central Europe, renowned for its influential historical roles, technological advancements, and cultural contributions.

Austria-Hungary

Austria-Hungary, also known as the Austro-Hungarian Empire, was a dual monarchy in Central Europe from 1867 to 1918, composed of the Austrian Empire and the Kingdom of Hungary.

Balkans Crisis

A sequence of political and military events in the early 20th century that escalated tensions among the Great Powers and contributed to the outbreak of World War I.

Adriatic

A body of water separating the Italian Peninsula from the Balkan Peninsula, and the Adriatic Sea is known for its deep blue waters and historic coastal communities.