Fiat Money Has Value Because It

question 34

Multiple Choice

Fiat money has value because it

• A)has intrinsic value equal to its face value.
• B)is only fractionally backed by gold.
• C)is generally accepted.
• D)can be manufactured at will by the issuing government.
• E)is fully backed by gold at a fixed ratio.

Understand the ethical and legal considerations in delivering bad news about transactions.

Grasp the importance of prompt and ethical response to negative information on social media.

Learn how to communicate negative messages effectively while preserving business relationships.

Acquire skills to refuse claims and handle negative feedback constructively.

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Definitions:

Pleasure Principle

A concept in psychoanalytic theory referring to the drive towards immediate satisfaction of instinctual urges and desires.

Physiological Activation

An increase in bodily functions in response to stimuli, indicating a heightened state of arousal.

Yerkes-Dodson Law

A theory suggesting that there is an optimal level of arousal for performance on any task; too little or too much arousal can impede performance.

Self-determination Theory

A psychological theory focused on motivation, concerning people's basic psychological needs for competence, relatedness, and autonomy.