alleryMatch modern fiat: 1. Taxes: p. Backing 2. MMT: q. Theory 3. State: r. Fiat rule
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
Under modern money theory fiat money is backed by the state power to levy taxes and demand tax payments in currency.
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