Author Question: Which of the following is true of fiat money? A) Fiat money is illegal and difficult to ... (Read 81 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
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.


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library