A System in Which the Value of Currency Issued by the Government

question 456

Multiple Choice

A system in which the value of currency issued by the government is based entirely on public faith that the currency will be acceptable in trade is

• A) a fiduciary system.
• B) a private property system.
• C) a Gresham system.
• D) a socialistic system.

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Definitions:

Securities

Tradable financial assets such as stocks, bonds, and options, valued for investment and trading purposes.

Registrant

A business entity or individual that registers or files information with a regulatory authority.

Private Placement

The sale of securities to a relatively small number of select investors as a way of raising capital, bypassing the public markets.

Securities

Financial instruments representing ownership (stocks), a debt agreement (bonds), or the rights to ownership (derivatives) that can be bought and sold.