1. If money is not backed by gold, what gives it its value? 2. If the money...

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1. If money is not backed by gold, what gives it its value?

2. If the money that banks have created vastly exceeds the amount of cash in the economy, does this mean that there is too much money in the economy?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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