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Author Question: What gives money value under a fiat system? A) Fiat money is also a commodity. B) The supply of ... (Read 163 times)

nenivikky

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on: Jun 30, 2018
What gives money value under a fiat system?
 
  A) Fiat money is also a commodity.
  B) The supply of fiat money is controlled by the government.
  C) Fiat money is backed by gold.
  D) Fiat money is the same as Treasury bonds.

Question 2

A tariff does not raise any revenue for the government if:
 
  A) imports exceed exports. B) exports exceed imports.
  C) exports equal imports. D) it reduces imports to zero.


cici

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


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