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hellokidbye hellokidbye
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A month ago
Daniel lives in Fiji. He learns that the Fijian dollar is an example of fiat money. This means that the Fijian dollar ________.

▸ is not backed by a physical commodity like gold or silver

▸ can be exchanged at a fixed rate for a physical commodity like gold or silver

▸ fluctuates in value against other countries' currencies

▸ is worth exactly 1 U.S. dollar
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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rangeliferangelife
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A month ago
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is not backed by a physical commodity like gold or silver

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