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Author Question: The U.S. dollar is an example of fiat money because (Read 21 times)

cnetterville

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Question 1

After World War II, cigarettes were used as money in Germany. This is an example of


◦ fiat money.
◦ legal money.
◦ token money.
◦ commodity money.

Question 2

The U.S. dollar is an example of fiat money because


◦ it is the strongest currency in the world.
◦ it is the most widely used currency in international trade.
◦ it is backed by a large reserve of gold and silver.
◦ by law, it is decreed as money.


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Marked as best answer by cnetterville on Apr 19, 2019

ebonylittles

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cnetterville

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Thanks



ebonylittles

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Welcome :)



 

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