In a Fiduciary Monetary System, Money Is Backed by

question 387

Multiple Choice

In a fiduciary monetary system, money is backed by

• A)the public's confidence that the assets will continue to be accepted as money.
• B)the intrinsic value of the materials used to make the assets.
• C)the assets of the institutions that issue the various assets used as money.
• D)gold.

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Definitions:

Circadian Rhythm

The alterations in physical, mental, and behavioral states that adhere to a 24-hour rhythm, mainly influenced by the presence of light and darkness in the surrounding environment of an organism.

Dissociation

A psychological experience in which people feel disconnected from their bodily sensations, feelings, thoughts, or sense of identity.

Split In Consciousness

Refers to a division or dissociation of awareness, whereby an individual may simultaneously hold separate streams of conscious perception or thought.

Selective Attention

The process by which a person focuses on certain sensory inputs while ignoring others.