Money in a Fiduciary Monetary System Is Backed by

question 490

Multiple Choice

Money in a fiduciary monetary system is backed by

• A)gold.
• B)the public's confidence that the assets will continue to serve as money.
• C)the intrinsic value of the materials used to make the assets that serve as money.
• D)assets owned by the government that are intrinsically valuable.

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Definitions:

Georg Hegel

A German philosopher best known for his contributions to dialectical idealism, emphasizing the process of thesis, antithesis, and synthesis in understanding development.

Newspaper

A printed or digital publication that provides news, articles, features, and advertisements, typically published daily or weekly.

Mass Media

Forms of communication, such as television, newspapers, and the internet, that reach large audiences.

Economic Needs

Essential requirements for an individual or society to maintain a minimum standard of living, including food, shelter, clothing, and healthcare.