Exam (elaborations)
ECN 211 Exam 3 Prep Exam Questions Fully Answered.
- Course
- Institution
Uses of Money - Answer 1. Store of Value 2. Unit of Account 3. Medium of Exchange Fiat Money - Answer - made valuable by law - controlled by the government - used in developed countries Benefits of Fiat Money - Answer Montetary Policy & low cost to create Con of Fiat Money ...
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