Which of the Following Is a Reason Why the Japanese

question 76

Multiple Choice

Which of the following is a reason why the Japanese yen is considered money?

• A) It is backed by gold.
• B) Its value over the years has varied significantly.
• C) Goods in Japan are priced in terms of the yen, the most liquid asset of the economy.
• D) It is backed by silver.
• E) It is an asset that lacks liquidity.

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