Card 7 / 15: What is fiat currency compared to real money?
A)
Fiat currency preserves it's value over time and considered as is an equity instrument.
B)
Fiat currency is money that could be exchanged for precious metal.
C)
Fiat currency has no intrinsic value and can’t be redeemed for precious metal.
Answer:
C) Fiat currency has no intrinsic value and can’t be redeemed for precious metal.
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Yasser IbrahimFounder
Jobilize.com
U.A.E.
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