In Contrast to Digital Forms of Money, a Fiat Currency

question 26

Multiple Choice

In contrast to digital forms of money, a fiat currency:

• A) is backed by a physical commodity.
• B) is declared to be legal tender by a nation's government.
• C) represents the value of a government's store of gold.
• D) can be traded for a precious metal.

---

Definitions:

Hard-sell Approach

A sales strategy that uses aggressive tactics and pressure to convince customers to buy a product or service.

Potential Problems

Issues or challenges that may arise in the future or under certain conditions.

Inductive Reasoning

A logical process in which multiple premises, all believed true or found true most of the time, are combined to obtain a specific conclusion.

Generalization

A broad statement or concept obtained by inference from specific cases.