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Question
Which of the following statements correctly identifies a difference between inside money and outside money?a. Inside money has value because the government decrees that it has value for payment of taxes, while outside money has value because it is made using expensive metals.
b. Inside money consists of wages and salaries earned by employees in the private sector, while outside money consists of wages and salaries earned by employees of the government sector.
c. Inside money cannot be used for making purchases from foreign sellers, while outside money can be used for making purchases from foreign sellers.
d. Inside money is created in the private sector, while outside money is created by the government or by nature.
Answer
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