A fiduciary monetary system means
A) that the value of each currency is determined by the amount of gold held by each nation.
B) that the currency is backed by implicit faith in government.
C) that money is legal tender.
D) that money has commodity value.
B
Economics
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The Beveridge curve shifted outward during what period?
A) during the Great Depression. B) during the Great Moderation. C) after January 2008. D) between January 2000 and December 2007.
Economics
In general we note that inflation:
A. hurts everyone in the economy the same. B. always decreases purchasing power. C. hurts everyone in the economy whenever it occurs. D. has very real costs associated with it.
Economics