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Home Q & A Board Other Fields Homework Help Business Economics
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hellokidbye hellokidbye
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A year 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

Macroeconomics


Edition: 3rd
Authors:
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rangeliferangelife
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A year ago
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hellokidbye Author
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A year ago
This site is awesome
carston
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Yesterday
Good timing, thanks!
Natalie Price
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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