Cigarettes Are an Example of _____ Money

question 3

Multiple Choice

Cigarettes are an example of _____ money.

• A) commodity
• B) fiat
• C) representative
• D) none of the above

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Definitions:

Formal Funding

Financial investments obtained through official channels, such as banks, investment firms, or public offerings, to support business operations.

Angel Investors

Affluent individuals who provide capital for a business start-up, usually in exchange for convertible debt or ownership equity.

Crowdfunding

Gathering small sums of money from many people to finance a project or endeavor, commonly done online.

Bootstrapping

A method where entrepreneurs start their company with minimal capital, relying on personal finances and revenue from the business rather than seeking external investment.