Soru
3 Where does the value of fiat currency come from? Its value comes from trust in the issuing party Its value comes from the price that someone is willing to pay for a commodity like gold Its value is set when the currency is created and does not change over time Its value comes from comparison to other similar currencies Multiple Choice 1 point
Çözüm
4.3
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Açelya
Usta · 5 yıl öğretmeni
Uzman doğrulaması
Cevap
A. Its value comes from trust in the issuing party.
Daha Fazla
## Step 1The question is asking about the source of the value of fiat currency. Fiat currency is a type of currency that is not backed by a physical commodity, but rather by the government that issued it. ## Step 2The value of fiat currency does not come from the price that someone is willing to pay for a commodity like gold. This is because fiat currency is not backed by a physical commodity. ## Step 3The value of fiat currency is not set when the currency is created and does not change over time. This is because the value of fiat currency can fluctuate based on various factors such as inflation, economic stability, and the trust of the people in the issuing government.## Step 4The value of fiat currency does not come from comparison to other similar currencies. While the value of a currency can be influenced by the value of other currencies, it is not the primary source of its value.## Step 5The value of fiat currency comes from the trust and confidence that people have in the issuing government. This is because the value of fiat currency is not backed by a physical commodity, but rather by the government that issued it.