Question: 22: Question Commodity-backed money Select one: a.restricts the use of fewer resources than does commodity money. b. is money that has no intrinsic value but

22: Question

Commodity-backed money

Select one:

a.restricts the use of fewer resources than does commodity money.

is money that has no intrinsic value but whose value is guaranteed by a promise that the commodity-backed money can be converted into valuable goods on demand

c.is a way for society to provide the functions of money without tying up valuable resources.

d.Answers (a), (b), and (c) are all correct.

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