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Author Question: What gives money value under a fiat system? (Read 26 times)

KWilfred

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on: Apr 19, 2019

Question 1

When Argentina experiences a period of high inflation and Argentineans lose confidence in their peso as a store of value, which of the following would be least likely to occur?


◦ The demand for pesos would decrease.
◦ The buying power of the peso would decrease.
◦ The value of foreign currencies would depreciate relative to the peso.
◦ Argentineans would use a different currency as a medium of exchange.

Question 2

What gives money value under a fiat system?


◦ Fiat money is backed by gold.
◦ The supply of fiat money is controlled by the government.
◦ Fiat money is also a commodity.
◦ Fiat money is the same as Treasury bonds.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by KWilfred on Apr 19, 2019

kusterl

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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KWilfred

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Reply 2 on: Apr 19, 2019
:D TYSM

upturnedfurball

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Reply 3 on: Yesterday
Excellent

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