Examlex
Which of the following statements characterizes American settlement in California before the mid-1840s?
Paper Currency
Money in the form of banknotes, issued by the government or central bank as legal tender.
Unlimited
Having no restrictions or boundaries in quantity or scope.
Fiat Money
Currency that a government has declared to be legal tender, but it is not backed by a physical commodity and derives its value solely from the trust that the currency will be accepted as a form of payment.
Store of Value
An asset, commodity, or currency that retains its value over time, allowing it to be saved, retrieved, and exchanged at a later time.
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