What Determines the Acceptability of Dollar Bills as a Medium

question 115

Multiple Choice

What determines the acceptability of dollar bills as a medium of exchange?

• A) our society's willingness to use green paper notes issued by the Federal Reserve as money
• B) the willingness of the Federal Reserve to redeem dollar bills for gold
• C) the willingness of the U.S. Treasury to redeem dollar bills for gold
• D) the public's fear that failing to accept dollar bills will trigger a hyperinflation

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Definitions:

Self-actualisation Needs

The highest level in Maslow's hierarchy of needs, representing the pursuit of realizing one's full potential and personal growth.

Human Relations

The study and practice of managing interpersonal relationships, particularly in the workplace, to promote a positive work environment.

Workplace Productivity

The measure of efficiency with which tasks and goals are completed by employees within the workplace.

Henri Fayol

A French mining engineer and management theorist who developed a general theory of business administration and is famous for establishing the five functions of management.