Fiat Money

question 139

Multiple Choice

Fiat money

• A) was initially used by an automobile manufacturer.
• B) is made out of commodities such as gold or silver.
• C) does not necessarily have any intrinsic value but has been declared by a government to be money.
• D) loses its value over time.

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Definitions:

Symbolism

The use of symbols to represent ideas or qualities in literature, art, and other forms of cultural expression.

Generativity

The concern in establishing and guiding the next generation, often seen during middle adulthood.

Metalinguistics

The ability to reflect upon and analyze language as an abstract system.

Phonemes

The smallest units of sound in a language that can distinguish one word from another.