Which of the Following Backs Our Money Supply

question 80

Multiple Choice

Which of the following backs our money supply?

• A)faith in the government's ability to provide a medium of exchange
• B)the words "This note is legal tender"
• C)precious metals because their value is constant over time
• D)the U.S. dollar

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Definitions:

Student T Distribution

A probability distribution used in statistics for estimating population parameters when the sample size is small and the population variance is unknown.

Normal Distribution

Exhibiting symmetry around the mean, this probability distribution reveals that there are more occurrences close to the mean than far away from it.

Chi-squared Distribution

A statistical distribution that is used to describe the distribution of a sum of squared random variables, often used in hypothesis testing.

Degrees of Freedom

The number of independent pieces of information used in the calculation of a statistic, typically the size of the data set minus the number of parameters estimated.