Which of the Following Is True of Private Money

question 13

Multiple Choice

Which of the following is true of private money?

• A) It can only be used for making payments between private parties who agree in advance to its use.
• B) It cannot consist of any other sort of transferable material but official money.
• C) It can be used to pay public debts.
• D) It is an example of reserve currency.

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Definitions:

Simple Squamous Epithelium

A single layer of flat cells lining surfaces involved in diffusion and filtration, such as blood vessels and lungs.

Connective Tissue

A type of tissue in the body that supports, binds together, or separates other tissues and organs, made up of cells embedded in an extracellular matrix.

Chondrocytes

Cells found within the cartilage that produce and maintain the cartilaginous matrix.

Cartilage

A flexible, rubbery connective tissue found in various parts of the body, such as the joints, ear, and nose, providing support and structure.