Fiat money
A) has no or very little value except as money.
B) is rarely used in modern economies.
C) functions well only if can be redeemed for gold or other precious metals.
D) serves well as a medium of exchange,but not as a store of value.
Correct Answer:
Verified
Q16: All of the following could be considered
Q17: Soldiers in a World War II prisoner-of-war
Q18: Which of the following information about fiat
Q19: Which of the following functions of money
Q20: In economics,money is defined as
A)the total value
Q22: Among potential stores of value,money
A)offers the highest
Q23: During World War II,prisoners of war used
Q24: Which of the following criteria would make
Q25: Gold is an example of
A)commodity money.
B)fiat money.
C)barter
Q26: Money is
A)an asset that people are willing
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