Answered: Fiat money isa. a type of money with…

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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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