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:

Examination for Discovery

A pre-trial process where parties in a lawsuit have the opportunity to question each other or witnesses under oath.

Balance of Probabilities

The standard of proof in most civil cases, requiring that a party's case is more likely true than not.

Statement of Claim

A legal document filed in court that outlines the plaintiff's allegations against the defendant and the legal basis for the lawsuit.

Civil and Criminal Actions

Civil and criminal actions refer to the two main categories of law where civil actions deal with disputes between individuals or entities, and criminal actions involve cases brought by the state against individuals or entities for acts against society.