Author Question: The U.S. dollar is an example of fiat money because (Read 33 times)

cnetterville · **on:** Apr 19, 2019

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.

ebonylittles · **Reply #1 on:** Apr 19, 2019

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