Which of the Following Statements Is True

question 30

Multiple Choice

Which of the following statements is true?

• A) Only a few objects are eligible to be considered a commodity.
• B) A commodity money comes into existence through private,not government,decisions.
• C) A fiat money represents an object that has intrinsic value.
• D) A commodity-backed money and fiat money have the same inherent or intrinsic value.
• E) A commodity money is often determined by government bureaucrats.

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Definitions:

Conformity Pressure

The influence exerted by a group that encourages individuals to change their attitudes, values, or behaviors to conform to group norms.

Group Cohesiveness

The extent to which members of a group feel connected and committed to one another, often leading to increased group performance.

Sociometry

A quantitative method for measuring social relationships, often used to identify social networks, leaders, group structures, or isolation.

Group Attitude Scale

A measure used to assess the collective attitudes or opinions of a group towards a particular object, idea, or person.