In Order for Currency to Be Widely Used as a Medium

question 188

True/False

In order for currency to be widely used as a medium of exchange, it is sufficient for the government to designate it as legal tender.

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Definitions:

Subscriber

A person or entity that is registered or subscribes to a service, often used in the context of insurance or publications.

Insurer

A company or entity that provides insurance policies to protect against financial losses.

Deductible

A fixed dollar amount that must be paid by the insured before additional expenses are covered by an insurer.

Liability Insurance

A type of insurance that covers injuries caused by the insured or injuries that occurred on the insured’s property.