If Money Is Acceptable Because the Government Requires That It

question 208

Multiple Choice

If money is acceptable because the government requires that it be accepted in payment for debt,the money is

• A)legal tender
• B)commodity money
• C)guaranteed to be a good store of wealth
• D)convertible to a valuable commodity
• E)subject to Gresham's Law

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Definitions:

Cognition

The intellectual activities or procedures used to gain understanding and knowledge by means of reasoning, experiencing, and perceiving with the senses.

Reinforcement Schedule

A pattern that defines how often a desired response will be reinforced.

Rats

Rodents often used in scientific research due to their physiological and genetic similarities to humans.

Biological Predisposed

Refers to a natural inclination or tendency in individuals to develop certain characteristics or disorders based on genetic factors.