« previous next »

Author Question: Which of the following is true of fiat money? A) Fiat money is illegal and difficult to ... (Read 112 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jun 30, 2018
Which of the following is true of fiat money?
 
  A) Fiat money is illegal and difficult to counterfeit.
  B) The raw materials required for the production of fiat money are available only in a few countries.
  C) Fiat money is not backed by a physical commodity.
  D) The technology required to produce fiat money is not widely available.

Question 2

Microeconomics is best described as the study of
 
  A) the choices made by individual households, firms, and governments.
  B) marginal changes in the economy.
  C) inflation, unemployment, gross national product, and the nation's economy as a whole.
  D) how markets interact in the aggregate economy.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
TrUe....FaLsE TrUe....FaLsE
Items that would be difficult to replace bearing legal significance are sent by certified mail. Items that would be difficult to replace bearing legal significance are sent by certified mail.
Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ... Propaganda to influence public opinion surrounds us, but most propaganda is covert, difficult to ...
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Learn Canadian money grade 1 Learn Canadian money grade 1
Video: Proteins

For a complete list of videos, visit our video library