Fiat money
A) is worthless.
B) has no intrinsic value.
C) may be used as a medium of exchange, but is not legal tender.
D) performs all the functions of money except providing a unit of account.
Correct Answer:
Verified
Q36: Which type of currency has intrinsic value?
A)commodity
Q39: Current U.S.currency is
A)fiat money with intrinsic value.
B)fiat
Q40: M1 equals currency + demand deposits +
A)nothing
Q53: The legal tender requirement means that
A)people are
Q63: Which of the following is not included
Q66: Demand deposits are included in
A)M1 but not
Q67: Which of the following is included in
Q68: Which of the following is not included
Q74: M1 includes
A)currency.
B)demand deposits.
C)traveler's checks.
D)All of the above
Q115: Fiat money
A) has no intrinsic value.
B) is
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