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Author Question: Fiat money is a. backed by stored value. b. a type of inflation. c. not backed by stored value. ... (Read 104 times)

123654777

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on: Jul 2, 2018
Fiat money is
 
  a. backed by stored value.
  b. a type of inflation.
  c. not backed by stored value.
  d. a form of barter.

Question 2

If we use the analogy that some U.S. families have an income that could be represented by the height of Mount Everest, then the average American family has an income that is about _____ feet off the ground.
 
  a. 3
  b. 15
  c. 700
  d. 4,000
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leeeep

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Reply #1 on: Jul 2, 2018
Answer to Question 1

c. not backed by stored value.

Answer to Question 2

b. 15


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