Multiple Choice
Fiat money means
A) Italian currency.
B) money's value does not change.
C) the government has decreed that something is money.
D) the money can be converted into gold.
E) only currency counts as money.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q158: For an asset to be a "means
Q159: Bank One has reserves of $100,000,government securities
Q160: Suppose the desired reserve ratio is 10
Q161: What is larger: M1 or M2? Why?
Q162: The Federal Reserve System provides banking services
Q164: In response to the financial crisis in
Q165: The function of money that helps assess
Q166: Money serves as a<br>A)means of payment,legal obligation,and
Q167: The required reserve ratio is 10 percent
Q168: The monetary base is the sum of<br>A)Federal