Question

Which of the following definition is WRONG?
A. Fiat money= something accepted as money because the government says so
B. M1 money= currency+demand deposits (checks)+traveler's checks
C. Money supply=all coins minted,all paper money printed, and all money in saving accounts
D. Commodity money= physical objects that are used as money ( tobacco, salt,gold, etc)
E. Legal tender= coins and paper money that the government declares must be accepted

Answer 1

!!!

Answer 2

what you guess here about the answer...? @loveyourlife

Answer 3

I guessed c

Answer 4

@paki

Answer 5

agree...