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FIAT MONEY

Authored by YASAMIN Moe

Social Studies

KG - Professional Development

Used 9+ times

FIAT MONEY
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Representative money is valuable by itself.

true

false

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiat currency requires...

a central bank

recession

commodities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Fiat Money is Money...

...without intrinsic value.

...with intrinsic value.

...that can be also consumed.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The production of fiat money is mostly controlled by

citizens

government

rich people

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Paper currency is an example of ...................

barter system

fiat money

commodity money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Inflation makes your money less valuable over time?

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Barter system is now replaced by

Banking system

International system

Monetary system

Financial system

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