USBank Notes Have No Intrinsic Value and Yet Are Widely

question 88

Multiple Choice

U.S.bank notes have no intrinsic value and yet are widely accepted as a medium of exchange.This is a result of:

• A)Gresham's law.
• B)the use of money as a store of value.
• C)the fiduciary monetary system.
• D)the valuation of currency as commodity money.
• E)the gold and silver reserves of the Federal government that backs the currency.

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Definitions:

Masculinist/Patriarchal

Referring to a system or perspective that privileges male attributes and leadership, often at the expense of female participation and equality.

Pantheistic

Relating to or endorsing the belief that God is identical with the cosmos or nature.

Immanent

Refers to the presence and operation of a deity or divine creative life force within the material world, as opposed to being transcendent or beyond it.

Transcendent

Going beyond ordinary limits; surpassing; exceeding or rising above traditional boundaries.