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Author Question: Which of the following is true of fiat money? A) Fiat money is illegal and difficult to ... (Read 83 times)

mikaylakyoung

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on: Jun 30, 2018
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.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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janeli1

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

C

Answer to Question 2

A


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