. What is the first European country to have had an official paper currency?

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. What is the first European country to have had an official paper currency?

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4-. What is the first European country to have had an official paper currency?
(A) Sweden.
(B) France.
(C) Austria-Hungary.
(D) Britain.
41. You are working at an international financial institution, analyzing the economic
prospects for a small high-income country. You discover that the country’s land prices
are soaring, despite its slowing real GDP growth rate. Furthermore, the country’s government has taken on substantial deficits to pay for roads, hospitals, and schools. The
country also has significant private debt buildups, as well as rising household leverage.
You tell your superiors that you are worried about a financial crisis in the country. They
respond with an assurance that these matters have been considered, and the risks have
been mitigated through financial derivatives and liquid markets. Their response is an
example of which of the following?
(A) Backwardation in money markets.
(B) This Time is Different syndrome.
(C) The Hard money vs. Soft money paradigm.
(D) Modern Monetary Theory.
42. Where does the word ‘money’ come from?
(A) A temple dedicated to the god of wealth, Pluto.
(B) A temple dedicated to the goddess of wisdom, Athena.
(C) A temple dedicated to the god of fire, Vulcan.
(D) A temple dedicated to the goddess of the state, Juno.
43. Which of the following would cause Canadian bond yields to decrease?
(A) The Bank of Canada purchases a lot of bonds.
(B) Investors switch from holding bonds to holding gold.
(C) The Bank of Canada issues a lot of bonds.
(D) Rising government deficits.

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