Solved:
Answered by AI, Verified by Human Experts
Which of the following answers applies to a form of fiat money and not a form of representative currency? (1 point)
Which of the following answers applies to a form of fiat money and not a form of representative currency? (1 point)O Does not derive its value from government regulation.
O Does not represent a claim to some specific asset.
OIs not widely accepted as a method of payment because it can be redeemed everywhere.
Can't be controlled by the government.
Final answer:Fiat money does not represent a claim to some specific asset and derives its value from government regulation.Explanation:The correct answer to this question isDoes not represent a claim to some specific asset. This option applies to fiat money, which is money that is not backed by a physical commodity, such as gold or silver. Fiat money derives its value from government regulation and is widely accepted as a method of payment. It can be controlled by the government through monetary policy.Learn more about Fiat Money here:brainly.com/question/32740360...
Unlock full access for 72 hours, watch your grades skyrocket.
For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.