A fiduciary monetary system is dependent on
A) acceptability and predictability of value.
B) precious metals backing fiat money.
C) Congressional monetary support.
D) a negative inflation rate.

Question

Quizplus · Accepted Answer

A fiduciary monetary system is one in which the value of money is based on the trust and confidence that people have in it, rather than being backed by a physical commodity like gold. Therefore, its acceptability and predictability of value are crucial for the system to function properly.

A Fiduciary Monetary System Is Dependent on