The currency of the United States is:
a. backed dollar for dollar by gold.
b. backed by a gold cover of 50 percent.
c. not backed by any precious metal.
d. backed by the government's silver reserves.
e. backed by the government's gold and silver reserves.
c
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The function of money that allows individuals a method to compare the relative value of goods and services is
A) liquidity. B) medium of exchange. C) store of value. D) unit of accounting.
The primary assets of the Fed are
A) discount loans and reserves. B) discount loans and government securities. C) government securities and reserves. D) discount loans and open market operations.
Which of the following was a country that ran large deficits in the mid-1990s, and plunged into deep recession in 1997 and 1998 when foreign investors became concerned about the health of these economies, and quickly pulled their money out of stock and bond markets, real estate, and banks?
a. North Korea b. Argentina c. Thailand d. India
Which of the following examples would most likely be subject to survivor bias?
A. a study that randomly sampled first-year law-school students to see how many survived to make it to their second year in law school B. a study that randomly sampled men and women who suffered food poisoning from dining at a specific fast-food restaurant chain to determine the incidence of continued patronage of that particular chain of restaurants C. a study that randomly sampled an equal number of 40-year old men and 60-year old men to measure incidences of Type 1 diabetes D. a study that randomly sampled flood victims whose homes were destroyed to see if they were likely to rebuild their homes on the same property