Exam (elaborations)
DSST Money & Banking Questions and Answers Solved 100% Correct!!
- Course
- Institution
Fiat Money - Answer-Money that isn't tied to reserves such as gold, rather is guaranteed by the government's trustworthiness. Has no intrinsic value. Exists in currency bills form and bank deposits. M1 - Answer-The sum of all money held by businesses and individuals (incl. traveler's checks) and ...
[Show more]