Which Most Accurately Explains Why Fiat Money Has Value

Which of the following most accurately explains why fiat money has value. Which of the following most accurately describes what banks do with their excess reserves.

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Click here to get an answer to your question which accurately explains why fiat money has value shellbelle31 shellbelle31 03282017 Business College answered Which accurately explains why fiat money has value 2 See answers Advertisement.

. Fiat money has value because it allows people to barter for goods and services. Fiat money is not a durable commodity. One reason why fiat money has value is that the government insists that people pay taxes and the only payment of taxes they will accept is in their own currency.

Which of the following most accurately explains why fiat money has value. People is bound to accept it. Fiat money is the money with no intrinsic value and its value is guaranteed by the monetary authority.

It has value only as a medium of exchange. 847 students attemted this question. Fiat money has only a single use as a medium of.

Fiat money has value because the government declares that it has value. On the other hand fiat money is a legal tender or currency which has only a representative value by government imposition and because. Fiat money is always a precious metal that only has value because of its beauty C.

Which of the following most accurately explains why fiat money has no value in itself. This rexplainlikeimfive comment by theelectricmayor answers your question. Fiat money does not have any value in itself.

Fiat money has value because it is a precious metal that people value in itself. Grendeldekt and 21 more users found this answer helpful. Fiat money has value because it allows people to barter for goods and services.

Fiat money has value because it is a precious metal that people value in itself. Commodity money is based on a good often a precious metal such as gold or silver therefore it has value by itself. Fiat money has value because it allows people to barter for goods and services.

Global Incorrect Feedback The correct answer is. 1447 students attemted this question. So everyone has to earn or acquire enough in that currency to pay their taxes.

Fiat money has value because the government declares that it has value. Fiat money has value because the government declares that it has value. Fiat money only has value as long as the free-market system exists.

Fiat money only has value as a medium of exchange. Fiat money has value because the government declares that it has value. Which is an asset.

Thus Fiat money is with legal tender. Fiat money has value because the government declares that it has value. Fiat money has value because it is a precious metal such as gold.

Fiat money has value because it enables the barter system to work. Which of the following most accurately explains why fiat money has no value in itself.

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