Fiat Money

question 5

Multiple Choice

Fiat money

• A)has no intrinsic value.
• B)is backed by gold.
• C)is a medium of exchange but not a unit of account.
• D)is any close substitute for currency such as checkable deposits.

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Definitions:

Additive Tasks

Tasks in which group performance is dependent on the sum of the performance of individual group members.

Disjunctive Tasks

Tasks for which the group's performance is dependent on the performance of the best group member, often due to the task requiring a specialized skill or knowledge.

Conjunctive Tasks

Tasks that require the cooperation and effort of every member of a team, where the team's performance is determined by its weakest link.

Productivity

The efficiency of production of goods or services expressed by some measure, often evaluated as the output per unit of input.