Examlex
This image depicts a cross section of the human eye. Pick the alternative that correctly labels the structures in the drawing.
Legal Tender
The money that is officially recognized by a government as a valid form of payment that must be accepted for debts.
Commodity Money
Money that has intrinsic value, such as gold or silver, which can serve as a medium of exchange, a unit of account, and a store of value.
Fractional Reserve Banking
A financial system where just a small portion of the deposits at a bank is supported by real cash present and accessible for withdrawal.
Fiat Money
Fiat money is currency that a government has declared to be legal tender, despite it not being backed by a physical commodity.
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