A fiduciary monetary system has to have all of the following EXCEPT
A) trust.
B) a central bank.
C) acceptability.
D) predictability of value.

Name: A fiduciary monetary system has to have all of the following EXCEPT A) trust. B) a central bank. C) acceptability. D) predictability of value.
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Question

Quizplus · Accepted Answer

A central bank is not an essential requirement for a fiduciary monetary system. Trust, acceptability and predictability of value are crucial for the functioning of such a system.

A Fiduciary Monetary System Has to Have All of the Following