The Type of Currency in Circulation in the Modern U

question 209

Multiple Choice

The type of currency in circulation in the modern U.S.economy is almost entirely

• A)commodity money.
• B)metallic money.
• C)fiat money.
• D)silver certificates.

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Definitions:

Bag of Chips

A packaged snack made from thinly sliced potatoes or other vegetables, fried or baked, commonly seasoned and served in a sealed bag.

Candy Bar

A confectionery item that typically combines chocolate with other ingredients like nuts, caramel, or nougat.

Opportunity Cost

The cost of what you have to give up in order to choose something else; the value of the next best alternative forgone.

State Government

The organization through which a specific geographical region within a country is governed, having its specific executive, legislative, and judicial powers.