A Currency That Is Not Backed by Gold, Silver, or Any

question 169

Multiple Choice

A currency that is not backed by gold, silver, or any other precious commodity equal to the face value of the money is known as

• A) fake money.
• B) weak money.
• C) token money.
• D) commodity money.

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Definitions:

Special Certification

Recognition or validation that an individual or entity has met a specific set of standards or qualifications, usually in a professional context.

Legal Aid Office

A nonprofit organization that provides free legal services to individuals who cannot afford to hire a lawyer, typically in civil matters.

Needy

Individuals or groups requiring assistance due to poverty, deprivation, or significant need.

Defendant

A party against whom a lawsuit is brought.