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What is Money that has value because the government has ordered that it is an acceptable means to pay debts?

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What is Money that has value because the government has ordered that it is an acceptable means to pay debts?

Postby deorsa90 » Wed Mar 30, 2011 12:02 pm

a. currency
b. commodity money
c. default
d. Federal Deposit Insurance Corporation (FDIC)
e. Federal Reserve System
f. flat money
g. interest
h. money market mutual fund
i. principal
j. representative money
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What is Money that has value because the government has ordered that it is an acceptable means to pay debts?

Postby gorry70 » Wed Mar 30, 2011 12:02 pm

F
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What is Money that has value because the government has ordered that it is an acceptable means to pay debts?

Postby enkoodabaoo » Wed Mar 30, 2011 12:05 pm

F. it is flat if you lay it down. is this a trick question?
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