If an Economy Used Gold as Money,its Money Would Be

question 34

Multiple Choice

If an economy used gold as money,its money would be

• A)commodity money,but not fiat money.
• B)fiat money,but not commodity money.
• C)both fiat and commodity money.
• D)functioning as a store of value and as a unit of account,but not as a medium of exchange.

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Definitions:

Stadium Capacity

The maximum number of spectators that a stadium can accommodate during an event, determined by its physical size and safety regulations.

Full House

A term used in both real estate, to indicate a fully occupied building, and in poker, to describe a hand containing three cards of one rank and two of another.

Ticket Prices

the cost assigned to purchasing a ticket for an event, such as a movie, concert, or sporting event.

Price Inelastic

A description of a good or service's demand when its quantity demanded is relatively insensitive to changes in its price.