Examlex
Which of the following is the best description of fiat money?
Psychological Egoism
The theory that suggests human beings are motivated solely by self-interest, even in what seem to be acts of altruism.
Thomas Hobbes
A 17th-century English philosopher best known for his political philosophy, including the idea that individuals consent to surrender some of their freedoms and submit to the authority of a ruler or government in exchange for protection of their remaining rights.
General Account
A summary or overview that encompasses a wide range of details or information about a specific topic or area of interest.
Egoist
An egoist is someone who acts out of self-interest, prioritizing their own benefits in their decisions and actions, often at the expense of others.
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