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    Macroeconomics Principles Study Set 1
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    Exam 11: Saving, Investment, and the Financial System
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    Fiat Money
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Fiat Money

Question 139

Question 139

Multiple Choice

Fiat money


A) was initially used by an automobile manufacturer.
B) is made out of commodities such as gold or silver.
C) does not necessarily have any intrinsic value but has been declared by a government to be money.
D) loses its value over time.

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