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Paper Currency That Has Been Declared Legal Tender but Is

question 50

Multiple Choice

Paper currency that has been declared legal tender but is not convertible into coins or precious metals is called ________ money.


Definitions:

Estimated Useful Life

The expected service life of an asset to the present owner

Units-Of-Production

A method of depreciation that allocates the cost of an asset over its useful life based on the amount of production or usage.

Units-Of-Production

A depreciation method that allocates an asset's cost based on its usage, output, or production, rather than the passage of time.

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