Which of the following is NOT a characteristic of fiat money?
A) It is generally acceptable as a medium of exchange.
B) It provides a way to store wealth over time.
C) It serves as a unit of account.
D) It changes in value over time as the amount of fiat money changes.
E) It is always backed by something of high intrinsic value.
Correct Answer:
Verified
Q2: In which of the following situations does
Q4: When money is acting as a unit
Q5: What function of money is highlighted when
Q6: Why is the barter method of exchange
Q7: Which of the following statements is true?
A)
Q8: Money does NOT function as a(n)
A) unit
Q9: For something to be considered money,it must
A)
Q10: Money eliminated the need for the double
Q18: When money is acting as a medium
Q29: When an economy experiences inflation,the value of
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