The Wide Acceptance of Fiat Money Is Determined By

question 64

Multiple Choice

The wide acceptance of fiat money is determined by:

• A)people's belief that it is worth something.
• B)the amount of precious metal that the government holds to back the money.
• C)the money's market value as a commodity.
• D)the rate of interest,which is the price paid to borrow money.
• E)its ability to function as a unit of account.

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Definitions:

Health Care

The organized provision of medical, diagnostic, preventive, and treatment services including mental health, personal care, and research activities.

Pensions

Retirement plans that require an employer to make contributions into a pool of funds set aside for a worker's future benefit.

Income Security

A measure of an individual's or family's financial safety, ensuring a stable source of income to meet basic needs.

Tax Revenue

Tax revenue is the income collected by government through various forms of taxes from individuals and businesses to fund public services and infrastructure.