AnswersHSA 26-27 EconomicsMoney

Money Answers

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1
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In the United States today, what gives money its value?

A
People trust that dollars are valuable.
B
Dollars are backed by gold and silver.
C
Dollars can be exchanged for a precious commodity.
D
Money has a representative value.
2
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More liquid categories of money are part of [___].Less liquid categories are included in [___].

A
M1
B
M2
3

Which phrase best defines the liquidity of money?

A
how divisible money is
B
how many denominations money has
C
how scarce the supply of money is
D
how available money is to spend
4

Question text not available

Answers:
More liquid categories of money are part of .Less liquid categories are included in .:M1
More liquid categories of money are part of .Less liquid categories are included in .:M2
5

More liquid categories of money are part of [___].Less liquid categories are included in [___].

A
M1
B
M2

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