The word "fiat" is
A) used to describe today's money because it is money set by law.
B) used to describe money from when Kings ruled by decree or fiat.
C) the term used to define the concept of barter.
D) another word to mean the "double coincidence of wants."
E) Latin for "backed by gold."
Correct Answer:
Verified
Q33: The function of money that helps assess
Q34: When we use money to purchase goods
Q35: Fiat money means
A)Italian currency.
B)money's value does not
Q36: The objects that we use as money
Q37: Keeping $20 in currency to be able
Q39: When you see a mansion and think
Q40: The U.S.dollar is called
A)fiat money because the
Q41: M1 is composed of
A)currency held by individuals
Q42: Which of the following is money?
A)a credit
Q43: Which statement most accurately captures the state
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