Money That the Government Has Ordered to Be Accepted as Money

question 18

Multiple Choice

Money that the government has ordered to be accepted as money is:

• A) fiat money.
• B) not usable in international transactions.
• C) convertible paper money.
• D) commodity money.

---

Definitions:

Equity Securities

Financial instruments representing ownership interest in a company, such as stocks, which provide rights to dividends and capital gains.

Goodwill

An intangible asset that arises when a company acquires another company for a price higher than the fair value of its net tangible assets.

Merger Transaction

A financial operation in which two or more companies combine to form a new entity or one company absorbs another.