Which of the following information about fiat money is false? Fiat money
A) has little to no value except as money.
B) is backed by gold.
C) is authorized by a central bank or governmental body.
D) serves as a medium of exchange.
B
Economics
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Economics
The nice thing about foreign exchange markets is that the goods are money, and they are paid for with money. This means that if the U.S. dollar ____ the Japanese yen ____
a. goes down; goes down b. goes up; goes up c. buys more yen; buys more dollars d. buys fewer yen; buys fewer dollars e. buys more yen; buys fewer dollars
Economics