In a Fiduciary Monetary System, the Value of the Money

question 267

Multiple Choice

In a fiduciary monetary system, the value of the money issued by a government is based on

• A)the gold held in that government's vaults.
• B)public confidence in that currency's acceptability and predictability of value.
• C)the ability to convert it to some asset of value, like silver.
• D)its being made out of some material with a market value equal to a bill's face value.

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