Which of the Following Is an Example of Fiat Money

question 13

Multiple Choice

Which of the following is an example of fiat money?

• A)A cowry shell used as money on a South Pacific island
• B)A gold coin used as money in nineteenth century England
• C)A Federal Reserve Note used as money in the twenty-first century United States
• D)A pound of salt used as money in medieval France

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Definitions:

Air Pollution

The presence of substances in the air at levels that are harmful to human health or the environment, originating from various sources like industrial activities, vehicle emissions, and natural events.

Toxic Waste

Hazardous waste causing harm to the environment or health, often produced by industrial processes.

Spherical Layers

The concentric layers that make up a planet like Earth, including the crust, mantle, outer core, and inner core, each varying in composition and physical properties.

Solar Energy

Energy harnessed from the sun, transformed into either heat or electrical power.