Asked by Properties of Money Quick Check
Which of the following illustrates the difference between the U.S. dollar, a form of fiat money, and a U.S. gold certificate, a representative currency? (1 point)
• A gold certificate does not have value in addition to its value as money.
O A U.S. dollar does not have value in addition to its value as money.
• A gold certificate does not represent a claim to some specific asset.
• A U.S. dollar does not represent a claim to some specific asset.
• A gold certificate does not have value in addition to its value as money.
O A U.S. dollar does not have value in addition to its value as money.
• A gold certificate does not represent a claim to some specific asset.
• A U.S. dollar does not represent a claim to some specific asset.
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