In a Fiduciary Monetary System

question 331

Multiple Choice

In a fiduciary monetary system

• A) coins get their value from the precious metals of which they are made.
• B) money gets its value from the confidence that the public has in its acceptability.
• C) paper currency does not have value, but balances in checking accounts do.
• D) checking account balances do not have value, but paper currency does.

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Definitions:

Antecedent

An event, condition, or cause that logically precedes and influences an outcome or result.

Consequence

The result or effect of an action or condition.

Voluntary Behaviors

Actions undertaken by choice and without external coercion, reflecting autonomy and personal preference.

Antecedents

Factors or events that exist or occur before a specific behavior, showing a causal relationship.