Which of the following is an example of fiat money?
Fiat Money

Quiz
•
Social Studies
•
12th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Gold
Silver
Honey Buns
Paper money
2.
DRAG AND DROP QUESTION
1 min • 1 pt
(a) money has no intrinsic value; it works only because we all believe it does. The institution in charge of the money ( (b) ) has to be careful to maintain that trust.
Fiat
Central Bank
commodity
barter
3.
REORDER QUESTION
1 min • 1 pt
Put these in chronological order for the historical development of money
fiat money
Paper money backed by precious metals(gold standard)
Barter(no money)
digital currency
Commodity Money
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Money by government decree is?
Commodity
Representative
Fiat
5.
MULTIPLE SELECT QUESTION
1 min • 1 pt
Which type(s) of money have an unlimited supply?
gold (commodity)
representative
fiat
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the primary characteristic of fiat money?
It is backed by a physical commodity like gold.
It has intrinsic value.
It is issued by a government and not backed by a physical commodity.
It is used only in digital transactions.
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which institution is typically responsible for issuing fiat money?
Commercial banks
Central banks
Private corporations
International Monetary Fund
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