Money That Has Value Apart from Its Use as Money

question 178

Multiple Choice

Money that has value apart from its use as money is called

• A) fiat money.
• B) currency.
• C) convertible paper money.
• D) commodity money.

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Definitions:

Orders

Directives issued by an authority, such as a court or government agency, that require parties to act or refrain from acting in a certain way.

Administrative Procedure Act

A law in the United States governing the process by which federal agencies develop and issue regulations, including a requirement for public participation.

Informal Rulemaking

A regulatory process involving the publication of a proposed rule and the solicitation of public comments before the rule is finalized.

Enabling Statute

Legislation that gives a government entity or agency the authority to implement and enforce specific laws.