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AP Macroeconomics
Unit 4 – Financial Sector
Topic 4.3
Which of the following best represents fiat money?
Currency issued by the government that is not backed by a physical commodity
Currency backed by gold or other precious metals
Barter system where goods are exchanged directly without the use of money
Digital forms of payment such as cryptocurrencies
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AP Macroeconomics - 4.3 Definition, Measurement, and Functions of Money
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Fiat Money
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About Us
About Fiveable
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Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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