Why Does Fiat Money Have Value

question 133

Multiple Choice

Why does fiat money have value?

• A)because it is has been decreed by the government
• B)because it is divisible
• C)because it is backed by gold
• D)because it can be exchanged for the commodity backing it

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Definitions:

Social Learning

is a theory that proposes individuals learn behaviors, values, and norms through observing and imitating others in a social context.

Distal Infant Care

Distal infant care refers to parenting practices that involve less physical closeness and more independent activities for the baby, focusing on the use of objects and verbal communication rather than physical contact.

Proximal Infant Care

A caregiving approach focusing on close physical and emotional contact between the caregiver and infant, such as through holding and responsive interaction.

Erikson's Stage

A phase in Erik Erikson's theory of psychosocial development, each marked by a specific conflict that contributes to a person's psychological growth.