Which of the Following Correctly Describes the Difference Between Commodity

question 147

Multiple Choice

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

• A) ​Fiat money is only used in Italy, and is issued by a major Italian automobile manufacturer to support Italian schools.
• 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.

---

Definitions:

Constitutional Right

A right protected by a country's constitution that guarantees certain freedoms and protections to its citizens.

Moral Right

A principle or standard of behavior which is universally accepted as correct or beneficial in the promotion of fairness, justice, or societal well-being.

Privacy

The state or condition of being free from being observed or disturbed by other people.

Unethical

Actions or behaviors that violate moral principles or accepted standards of conduct, often causing harm or disadvantage to others.