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What gives money value under a fiat system?

thanhha78

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What gives money value under a fiat system?

What gives money value under a fiat system?
A) Fiat money is backed by gold.
B) Fiat money is the same as Treasury bonds.
C) The supply of fiat money is controlled by the government.
D) Fiat money is also a commodity.

Textbook

Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools

Edition: 6^th

Authors: O'Sullivan, Sheffrin, Perez

Read 76 times

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tristion

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