The primary reason why fiat money has value is becauseQuestion 24AnswerSelect one:a.banks act as intermediaries and, through the money multiplier process, prevent the money from losing value.b.the central bank always ensures that the money has value.c.it is backed by a precious metal.d.the government has a monopoly of force and declares the money legal tender.e.in a growing economy demand for government money will always exceed the demand for private money

Fiat money has value because:A.it is assigned value by a government.B.it can be exchanged for specific goods.C.it is made of a valuable material.D.it can be used for food or shelter.

Fiat money is moneyGroup of answer choicesbacked by gold or silver.that can be converted to gold or silver.because a government says it is.backed by land.

The U.S. dollar is a currency made of low-cost materials. It is valuable only because it is recognized by the U.S. government, which is a powerful global authority. This means that the U.S. dollar serves as which type of money?A.Currency moneyB.Commodity moneyC.Fiat moneyD.Representative money

money has value in itself as well as value in its use as money.

Which of the following is the best description of fiat money?Group of answer choicesCheque accounts and debit cards.Coins made of gold and silver.Paper money that can be redeemed for gold or silver.Legal tender that has no intrinsic value.