Money That the Government Has Ordered to Be Accepted as Money

question 18

Multiple Choice

Money that the government has ordered to be accepted as money is:

• A) fiat money.
• B) not usable in international transactions.
• C) convertible paper money.
• D) commodity money.

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Definitions:

Psychogenic

Originating in the mind or in mental or emotional processes; having a psychological rather than a physiological cause.

Head Injury

Physical trauma to the head, which can lead to various levels of brain injury, ranging from mild concussions to severe brain damage.

Emotional Shock

A psychological condition arising in response to a terrifying or traumatic event, causing a strong emotional impact.

Decay Theory

A theory suggesting that memory fades due to the mere passage of time unless it is actively rehearsed.