Fiat Money Has Value Because

question 23

Multiple Choice

Fiat money has value because:

• A)people believe it has value.
• B)of social convention.
• C)it is backed by gold.
• D)it has intrinsic value.
• E)a and b are correct.

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Definitions:

Morphemes

The smallest grammatical units in a language that carry meaning, such as roots, prefixes, and suffixes.

Overextension

The cognitive error in language development where a child inappropriately applies a word to a wider range of objects or actions than it actually applies to.

Two-Word Utterances

An early language development stage where toddlers combine two words to communicate simple concepts or desires.

Aphasia

A disorder resulting from brain damage to Broca’s area or Wernicke’s area that involves a loss or impairment of the ability to use or comprehend words.