Fiat Money

question 64

Multiple Choice

Fiat money

• A)is worthless.
• B)has no intrinsic value.
• C)may be used as a medium of exchange,but is not legal tender.
• D)refers to highly liquid assets that do not serve as a medium of exchange.

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Definitions:

Anatomical Direction

Terms used to describe the locations and orientations of structures within the body relative to other structures or locations, such as anterior, posterior, superior, and inferior.

Inferior

Anatomical term meaning below or closer to the feet; also called caudal.

Chemical Reactions

Processes that involve the rearrangement of molecular or ionic structure of substances, resulting in the formation of one or more new products.

Matter

Anything that occupies space and has mass, composed of atoms and molecules and existing in solid, liquid, gas, or plasma states.