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AP Macroeconomics
Unit 4 – Financial Sector
Topic 4.3
Which of the following best represents fiat money?
Digital forms of payment such as cryptocurrencies
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
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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
Blog
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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