A $20 bill is an example of:
A)legal tender.
B)fiat money.
C)a store of value.
D)all of the above.

Question

Quizplus · Accepted Answer

- A $20 bill is legal tender, meaning that it is recognized by law as a valid form of payment for debts and taxes.
- It is also fiat money, meaning that it has no inherent value and its worth is determined by government decree.
- Finally, it serves as a store of value, as it can be held and used to make purchases in the future.

A $20 Bill Is an Example Of