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:

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Fathers of the Internet

Fathers of the Internet refers to key individuals who played significant roles in the invention and development of the internet, such as Vint Cerf and Robert E. Kahn.

Vinton Cerf

An American Internet pioneer recognized as one of the "fathers of the Internet" for co-designing the TCP/IP protocols and the architecture of the Internet.

Robert Kahn

A pioneering computer scientist known for co-inventing the TCP/IP protocols, the fundamental technology underpinning the internet.