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Which of the following is NOT true about the euro?
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
A coin that is made out of pure gold is an example of
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
What did all of the early forms of money have in common?
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
During which of the following did people have confidence in the American financial system?
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
The ______________________ brought factories and a new level of production to America that resulted in increased use of currency, purchase of consumer goods, and borrowing of money.
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
Which of the following services offered by financial institutions would a person be looking for if he/she needed more money than what is in his/her account to pay college tuition or buy a car?
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
Fiat money
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
Which of the following offer checking accounts, savings accounts, check cashing, consumer loans, certificates of deposit, and deposit insurance to customers?
fiat money.
Industrial Revolution
Borrowing
All of the above
People agreed on their value and made them convenient to transport and trade.
has value that is established by government decree.
It is only traded in Europe.
Panic of 1907
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