Social Media Tools Like Blogs and Community Forums Can Be

question 18

True/False

Social media tools like blogs and community forums can be useful in communicating with business customers in a value chain.

---

Definitions:

Commodity Money

A form of currency in which the value of the money is derived from the material from which it is made, such as gold or silver coins.

Fiat Money

Currency that a government has declared to be legal tender, despite it not having intrinsic value or being backed by physical reserves such as gold or silver.

T-Account

A graphical representation of a general ledger account that highlights the debit and credit sides.

Required Reserve Ratio

The fraction of deposits that regulators require a bank to hold in reserve and not lend out.