What Characterizes Currency

question 92

Multiple Choice

What characterizes currency?

• A) It has intrinsic value.
• B) It has no intrinsic value.
• C) It may be used as a medium of exchange but is not legal tender.
• D) It performs all the functions of money except providing a unit of account.

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Definitions:

Freedom of Information Act (FOIA)

A federal law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.

Rule Making Requirements

Regulations and procedures that governmental agencies need to follow to create, amend, or repeal rules and regulations.

Formal Rule Making

A regulatory process outlined by the Administrative Procedure Act where agencies create new rules with public input.

Hybrid Rule Making

A regulatory process that combines elements of both formal rulemaking proceedings and informal rulemaking proceedings.