Fiat money means

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

C

Economics

You might also like to view...

The marginal cost of hiring the 4th worker is

a. $40 b. $100 c. $20 d. $0

Economics

Explain what is meant by a built-in stabilizer and give two examples.

What will be an ideal response?

Economics