macroeconomics

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a. If the face value of a coin exceeds the cost of coinage, the resulting
revenue to the issuer of the coin is known as _________________.
b. A product that serves both as money and as a commodity is
________________.
c. Coins and paper money circulating in the United States have face
values that exceed the value of the materials from which they are
made. Therefore, they are forms of _________ __________.
d. If the government declares that creditors must accept a form of
money as payment for debts, the money becomes
________________________.
e. A common unit for measuring the value of every good or service in
the economy is known as a(n)
_____________________________________.

  • macroeconomics -

    Do a little research, then take a shot. What do you think?

  • macroeconomics -

    a) paper money
    b) Check
    c) paper money
    d)commodity money

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