Part 1How does fiat money differ from commodities like gold and silver that were used as​ money? A. The unit of account measures can be tuned better to the prices in the economy. B. Fiat money is easier to carry around than gold or silver coins. C. It is more resistant to hyperinflationary forces than commodity money. D. Fiat money is intrinsically​ worthless, whereas gold and silver have intrinsic value. Your answer is correct. Part 2If fiat money is intrinsically​ worthless, then why is it​ valuable? A. Fiat money is always convertible to gold or silver reserves. B. The government earns seignorage revenue from it. C. It is the most useful type of money. D. Fiat money is used as legal tender by government decree and other people will accept it as payment for transactions.单项选择题

A

A. The unit of account measures can be tuned better to the prices in the economy.

B

B. Fiat money is easier to carry around than gold or silver coins.

C

C. It is more resistant to hyperinflationary forces than commodity money.

D

D. Fiat money is intrinsically ​ worthless, whereas gold and silver have intrinsic value.

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