To Be Considered Money,a Financial Asset Must

question 39

Multiple Choice

To be considered money,a financial asset must

• A) be convertible into gold or silver.
• B) be coins, currency, or fractional reserve.
• C) be issued by the Federal Reserve System.
• D) serve as a medium of exchange, store of value, and standard of value.
• E) be kept in banks.

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Definitions:

Injury

Physical harm or damage to a person's body caused by an accident or violence.

Strict Product Liability

A legal doctrine that holds sellers, distributors, or manufacturers liable for distributing or selling a defective product to a consumer.

Plaintiff

The party who initiates a lawsuit in court, alleging harm or injury by another party and seeking legal remedy.

Harm

Physical injury, damage, or negative impact caused to a person, property, or other entity.