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Evgesh-ka [11]
3 years ago
10

Federal Reserve notes are examples of A. fiat money. B. representative money. C. commodity money. D. checkable deposits.

History
1 answer:
Zinaida [17]3 years ago
5 0

Answer: Fiat money

Explanation:

The paper money that is used in the United States is the Federal Reserve Notes. It should be noted that the Federal Reserve Note is an example of a fist money.

Fiat money refers to a government-issued currency and it should be noted that this isn't backed by a commodity. Through fiat money, the central bank can control the economy. Majority of modern paper currencies, are fiat money. e.g dollar, pounds etc.

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