Which of the Following Statements Is Not Correct About the U.S.monetary

question 51

Multiple Choice

Which of the following statements is not correct about the U.S.monetary system?

• A)The federal government did not print paper money until the Civil War.
• B)Between 1789 and 1865,paper money was issued by hundreds of state-chartered banks.
• C)Credit cards are the most common form of money today.
• D)Early in U.S. history, the money supply consisted of items such as tobacco and bullets.

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Definitions:

Authority

The vested power to influence or command within an organization.

Power

The ability of one person to influence another.

Formal Group

An organized collection of individuals with a defined structure that is established to achieve specific goals.

Organizational Boundaries

Limits that define an organization's structure, roles, and responsibilities, and separate it from its environment and other organizations.