alleryStart learning →Which type of money gets its value from a government order?
AFiduciary money
BCommodity money
CBarter money
DFiat money
Answer & Solution
Correct answer: D. Fiat money
Fiat money is valuable because the government declares it legal tender, not because of intrinsic worth.
Keep practising Money Market
Browse all Money Market questions for CA Foundation, or explore more Business Economics topics.
Related questions
Eurodollar deposits are deposits in US dollars held where?Trading companies often buy bankers' acceptances to pay whom?Federal funds are usually lent on what basis?Accrual instruments are issued at face value and mature at what amount?How does a T-bill investor earn a return?Treasury bills (T-bills) are zero-coupon securities maturing in how long?What does a CD ladder strategy do?A longer CD term usually earns a higher rate, except when which condition applies?