An object that has value in itself as well as value in its use as money is referred to as what kind of money?Multiple choice question.FiatBarterPaperCommodity

Fiat money has value because:A.it is assigned value by a government.B.it can be exchanged for specific goods.C.it is made of a valuable material.D.it can be used for food or shelter.

money has value in itself as well as value in its use as money.

Which of the following is the best description of fiat money?Group of answer choicesCheque accounts and debit cards.Coins made of gold and silver.Paper money that can be redeemed for gold or silver.Legal tender that has no intrinsic value.

Money isA) anything that is generally accepted in payment for goods and services or in the repaymentof debt.B) a flow of earnings per unit of time.C) the total collection of pieces of property that are a store of value.D) always based on a precious metal like gold or silver

For something to be classified as "money", it must be a:Group of answer choicesStore of valueStandard unit/unit of accountMedium of exchangeAll of the available answers