Fiat Money Has Value Because

question 131

Multiple Choice

Fiat money has value because:

• A)it is backed by gold.
• B)it is divisible.
• C)it can be used to buy things.
• D)it can be exchanged for a commodity backing it.
• E)all of the above are true.

---

Definitions:

Substrate

A surface or material on or from which an organism lives, grows, or obtains its nourishment; in biochemistry, it's the substance on which an enzyme acts.

Inorganic Substance

A chemical compound that lacks carbon-hydrogen bonds, typical of non-living systems, such as minerals and metals.

Iodide Ions

Negatively charged ions of iodine, essential for thyroid gland function and hormone production.

Calcium Ions

Electrically charged calcium atoms that play a crucial role in various cellular processes including muscle contraction, neurotransmission, and enzyme activity.