Fiat Money

question 58

Multiple Choice

Fiat money

• A) has a high intrinsic value.
• B) is decreed by royalty.
• C) is acceptable as money because the government has decreed it to be so.
• D) is unacceptable as money.

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Definitions:

Decibels

A unit of measurement that represents the intensity of sound, quantifying sound pressure level commonly used in acoustics.

Olfaction

The sense of smell, which is the detection and identification of chemicals by the sensory cells in the nose.

Thalamus

A major part of the brain serving as a hub for transmitting messages between the sensory organs and the cerebral cortex.

Kinesthetic Sense

The sense that detects bodily position, weight, or movement of the muscles, tendons, and joints, enabling physical coordination.