Fiat Money Has Value Because It

question 144

Multiple Choice

Fiat money has value because it

• A)is backed by gold.
• B)can be used to buy goods and services.
• C)can be exchanged for precious metals at a fixed price.
• D)can be divided into smaller units.
• E)All of the above are correct.

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Definitions:

Freelance Paralegals

Paralegals who work on a contract basis for various law firms or attorneys, rather than being employed by a single firm.

Civil Lawsuit

A legal dispute between two or more parties seeking monetary damages or specific performance rather than criminal sanctions.

Damages

Monetary compensation that a court orders to be paid to a person who has suffered loss or injury by another's act or omission.

Compensation

Payment or benefit given to someone, typically as a recompense for loss, injury, or suffering.