Fiat Money is Money...

Fiat Money

Quiz
•
Social Studies
•
12th Grade
•
Medium
Majd Qozat
Used 22+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a) ...without intrinsic value.
b) ...with intrinsic value.
c) ...that can be also consumed.
d) ...this is not declared by the government as legal tender
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fiat money's value originates from government decree
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The production of fiat money is mostly controlled by
citizens
rich people
government
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Commodity money has intrinsic value.
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paper currency is an example of ...................
barter system
Commodity money
Fiat money
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The value of fiat money is back by ........................
gold
silver
none of the above
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The barter system suffers from the requirement that the traders must have a coincidence of wants
True
False
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