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The Functions of Money; The Kinds of Money
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The Functions of Money; The Kinds of Money
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17. The Monetary System / The Functions of Money; The Kinds of Money / Problem 4
Problem 4
Which of the following is an example of fiat money?
A
Silver, because it is used in jewelry.
B
Cryptocurrency, because it is digital.
C
US dollars, because they are government-issued currency.
D
Gold, because it has intrinsic value.
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