Which of the following statements correctly describes a characteristic of fiat money?(1 point)
Responses
Fiat money ties up resources like gold or silver.
Fiat money ties up resources like gold or silver.
Fiat money is hard to carry around because it is a commodity.
Fiat money is hard to carry around because it is a commodity.
Fiat money is rarely used as a method of payment.
Fiat money is rarely used as a method of payment.
Fiat money derives its value from government regulation.
1 answer
Fiat money derives its value from government regulation.