Which of the Following Is Not True of Federal Reserve

question 116

Multiple Choice

Which of the following is not true of Federal Reserve notes?

• A)They are fiat money.
• B)They are a liability of the Fed.
• C)They are redeemable for other Federal Reserve notes.
• D)They are redeemable for gold.
• E)They are counted as currency in the money supply

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Definitions:

College Students

Individuals enrolled in an institution of higher education to pursue a degree or certification.

Percentage

A proportion or share in relation to a whole, represented as a fraction of 100.

Bias In News

The tendency to report news from a particular perspective, influencing how stories are covered and perceived by the audience.

U.S. Department Of Labor

A department of the federal government responsible for occupational safety, wage and hour standards, unemployment insurance benefits, reemployment services, and some economic statistics.