If the chosen medium of exchange has no intrinsic value and is accepted as money because of faith, it is called
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If the chosen medium of exchange has no intrinsic value and is accepted as money because of faith, it is called
Tap an option to check your answer.
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Money supply and the banking multiplier has come up 74 times in 7 exams since 2005.
This question is on Functions and forms of money, part of Money supply and the banking multiplier in Macroeconomics.
What money does and the different kinds of money.
TestStop has 12 past-paper questions on this subtopic.
Question from the CUET-PG 2019 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.