Which of the following is an example of fiat money?
Select one:
a. Gold
b. A dollar bill
c. Elephants
d. Water
Option B
Which of the following is an example of fiat money? Select one: a. Gold b. A...
LO Which of the following is a disadvantage of using fiat money? A. Fiat money is not portable or widely accepted O B. Public authorities may be tempted to produce too much of it C. Fiat money is not easily divisible or suitable for small purchas O
The US Dollar is no longer backed by gold and is currently a fiat money (the gold standard ended roughly in 1971 under President Nixon). Some individuals wish a return a return to the gold standard. Make a post arguing FOR a return to the gold standard.
Gold, silver, and furs, when used as money, are referred to as a- fiat money b-precious money c-paper currency d-commodity money The money supply is considered to be M1. M1 consists of what? a-currency + checking account balances + saving account balances b-currency + checking account balances + travelers' checks c-currency + checking account balances + credit cards d-currency + credit cards + certificates of deposit e-currency only The main purpose of financial intermediaries is that a-the process of finding...
37) Fiat money means A) the money that has intrinsic value. B) only currency counts as money. C) the money can be converted into gold. D) the government has decreed that something is money. 38) M1 is composed of A) currency held by individuals and businesses, traveler's checks, and the credit line on credit cards. B) currency held by individuals and businesses, traveler's checks, and demand deposits owned by individuals and businesses C) currency inside of banks, traveler's checks, and...
Question a: What is the difference between fiat and commodity money? Which type of money currently exists in the United States? Question b: Which type of money (fiat or commodity) is Bitcoin? Defend your answer. Question c What is the difference between a debt market and an equity market? Question d What is a derivative instrument? Question e How do derivatives redistribute risk?
Question 12 (1 point) Fiat money functions well only if can be redeemed for gold or other precious metals. can serve well as a medium of exchange, but not as a store of value. has no value or very little value except as money. O is rarely used in modern economies. Question 13 (1 point) U.S. labor force participation was increasing in the 1970s and 1980s. Which of these is (are) true? Female labor force participation was rising; male labor...
QUESTION 4 True or False: The difference between commodity money and fiat money is that one has inherent value and the other is money that is used to buy an Italian car. True False QUESTION 5 People hold currency for three reasons, one of which is the transactions motive (ie, the need to conduct a transaction using currency). Of the following, which would have the smallest transactions motive? A drug dealer A gambling bookie The purchasing department of IRSC A...
89. Now assume that both France and the United States have fiat money with floating (flexible) exchange rates. The central bank of France is holding the money stock constant. At the same time the central bank of the United States (the Fed) is expanding that country's money stock at a high rate, say 25 percent per year. If the demand for money remains constant in both countries, which of the following predictions is correct (a) the U.S. dollar will appreciate...
Gold used as Money: Is commodity money Would be a medium of exchange Has no intrinsic value Both A and B are correct. Funds in your checking account: Would be included in your list of assets Is a medium of exchange Is fiat money All of the above are true
Which of the following is NOT one of the rules for a gold standard? a. Each country should fix the value of its currency in terms of gold. b. Capital controls should be used to conserve each country's gold holdings. c. There should be an unrestricted flow of gold between countries d. The central bank in each country should hold gold reserves in a direct relationship to the currency it issues. Which of the following best describes a situation in...