Examlex
Which of the following statements is false?
States
Individual territorial units constituting a federal union, such as those that make up the United States, each with its own government and a degree of autonomy.
Money Supply
The entire sum of available monetary assets in an economy, comprising cash, coins, and the amounts held in checking and savings accounts, at a specific point.
Standard of Value
A recognized measure that is used to set the value of financial transactions, assets, or liabilities, enabling comparability across different entities or time periods.
Backed by Gold
Historically, refers to currencies that were directly convertible into a specified amount of gold, under the gold standard.
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