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Commerce · Q616

Economics

Graduate and Post Graduate · Commerce · question 616

Q616

Which of the following statement is incorrect?

A.
Money is an asset, which provides cash to its owner
B.
Money is an asset, which is used in exchange for goods and services
C.
The United States money supply is largely composed of accumulating or borrowed money
D.
The commodity is backbone of the United States money supply
Answer

Answer: Option D

Solution

Answer: Option D
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