FIAT MONEY
Authored by YASAMIN Moe
Social Studies
KG - Professional Development
Used 9+ times
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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
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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