Which of the Following Correctly Describes the Difference Between Commodity

question 74

Multiple Choice

Which of the following correctly describes the difference between commodity money and fiat money?

• A) Fiat money has value based on the material from which it is made, while commodity money is accepted by law and not because of its tangible value.
• B) Commodity money is either made out of a valuable commodity like silver or gold, or is redeemable for a valuable commodity. Fiat money is not.
• C) Commodity money can only be used to buy commodities such as grains or lumber, while fiat money can be used to buy anything.
• D) Fiat money is used during times of emergency, such as hurricanes or war, when the existing stock of commodity money is inadequate to purchase needed goods and services.

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Definitions:

Mucous Cells

Cells that produce and secrete mucus, providing lubrication and protection to various parts of the body.

Goblet Cells

Specialized epithelial cells that produce and secrete mucus in the respiratory and intestinal tracts.

Coronary Ligament

A ligament around the liver that attaches it to the diaphragm and the anterior abdominal wall.

Falciform Ligament

A ligament that attaches the liver to the anterior abdominal wall and diaphragm, separating the liver's right and left lobes.