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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
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what you guess here about the answer...? @loveyourlife
I guessed c
@paki
agree...
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