Which of the Following Is True Regarding the Type of Currency

question 2

Multiple Choice

Which of the following is true regarding the type of currency needed to satisfy the currency requirement for negotiability in this country?

• A)U)S.dollars,English pounds,or Euros are the only satisfactory currency
• B)U)S.dollars,English pounds,Euros,and Japanese yen are all satisfactory currency
• C)U)S.dollars,English pounds,Euros,Japanese yen,and gold are all satisfactory currency
• D)U)S.dollars is the only satisfactory currency
• E)U)S.dollars or English pounds are the only satisfactory currency

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Definitions:

Marketable Securities

Financial instruments that can be easily sold or converted to cash without a significant loss in value.

Restrictive Policy

A policy designed to limit or control certain actions, often used in the context of monetary or fiscal policy to control inflation or regulate the economy.

Frequent Cash-Outs

Regular transactions where cash is withdrawn from a company's account, potentially affecting its liquidity or cash reserves.

Restrictive Policy

A financial policy or strategy that aims to limit credit expansion and investment, often to curb inflation or stabilize economic growth.