FIAT MONEY

 Representative money is valuable by itself.

• true

• false

Fiat currency requires...

• a central bank

• recession

• commodities

Fiat Money is Money...

• ...without intrinsic value.

• ...with intrinsic value.

• ...that can be also consumed.

The production of fiat money is mostly controlled by

• citizens

• government

• rich people

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

• barter system

• fiat money

• commodity money

Inflation makes your money less valuable over time?

• true

• false

 Barter system is now replaced by

• Banking system

• International system

• Monetary system

• Financial system

Rupee

• Philippines

• Malaysia

• India

• Qatar

• Singapore

Yen

• Japan

• China

• European Union

• Korea

• Hong Kong

Euro

• Japan

• China

• European Union

• Korea

• Hong Kong