Fiat Money Has Value Because It

question 62

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 these responses are correct.

Comprehend the progression from concept to market entry, including the stages of innovation.

Distinguish between different forms of value and their implications for society and business.

Grasp the criteria that differentiate inventions from innovations and their market impact.

Recognize the importance of creativity and mental flexibility in generating and refining ideas.