Fiat Money Has

question 175

Multiple Choice

Fiat money has

• A)little to no intrinsic value but is backed by the quantity of gold held by the central bank.
• B)little to no intrinsic value and is authorized by the central bank or governmental body.
• C)value,because it can be redeemed for gold by the central bank.
• D)a great intrinsic value that is independent of its use as money.

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Definitions:

Iris

The colored part of the eye surrounding the pupil, which adjusts the size of the pupil to regulate the amount of light entering the eye.

Pupil

The central, circular opening in the iris of the eye, which regulates the amount of light that enters the eye to reach the retina.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter and size of the pupil and thus the amount of light reaching the retina.

Visible Light Waves

Electromagnetic waves that are visible to the human eye, which perceive them as colors.