Which of the Following Is Not an Example of a Government

question 79

Multiple Choice

Which of the following is not an example of a government purchase?

• A)Salaries of teachers in public schools
• B)Chinese toys to be sold in stores
• C)Purchase of military aircrafts
• D)Construction of an interstate highway
• E)Building a public school

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Definitions:

Commodity Money

Money whose value comes from a commodity out of which it is made, such as gold and silver, which inherently have value.

Goldsmith

A craftsperson skilled in making items of gold.

Ownership Transfer

The process by which the legal rights to an asset are transferred from one party to another, often involving formal documentation.

Fractional Reserve Banking

A banking system in which only a fraction of bank deposits are backed by actual cash on hand and available for withdrawal, enabling banks to lend out more money than they hold.