Fiat money isa. a type of money with intrinsic value.b. a type of money set by government decree.c. any asset used as the medium of exchange.d. any asset used as the unit of account.
Fiat money isa. a type of money with intrinsic value.b. a type of money set by government decree.c. any asset used as the medium of exchange.d. any asset used as the unit of account.
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter14: Money And Banking
Section14.1: The Functions And Characteristics Of Money
Problem 1R
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Fiat money is
a. a type of money with intrinsic value.
b. a type of money set by government decree.
c. any asset used as the medium of exchange.
d. any asset used as the unit of account.
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