Fiat Money Is

question 38

Multiple Choice

Fiat money is

• A) backed by stored value.
• B) a type of inflation.
• C) not backed by stored value.
• D) a form of barter.

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Definitions:

Rationalization

The process of justifying behaviors or attitudes with logical, plausible explanations, often ignoring the true reasons.

Unconscious Reasons

Motivations or reasons for actions that are not within the individual's conscious awareness.

Defense Mechanism

Psychological strategies employed unconsciously to protect oneself from anxiety or unacceptable thoughts and feelings.

Projection

A defense mechanism in which an individual ascribes their own unwanted thoughts, feelings, or impulses onto someone else.