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Which one of the following statements about the money supply is correct? A. The money supply is backed dollar for dollar with gold. B. The
Which one of the following statements about the money supply is correct?
A. The money supply is backed dollar for dollar with gold.
B. The money supply is backed by the government's ability to control the supply of money and therefore to keep its value relatively stable.
C. The money supply is backed dollar for dollar with gold and silver.
D. The money supply is backed by government bonds.
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