45. Which is a primary characteristic of fiat money?
(A) It is always made of paper.
(B) It is pegged to the value of gold or silver.
(C) It cannot be used in international transactions.
(D) Its value is essentially determined by a government.

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統計： A(4), B(34), C(6), D(254), E(0) #3141022

詳解 (共 2 筆)

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選項 (D) 其價值基本上是由政府決定的...
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Bankers soon noticed that many people preferred using notes rather than redeeming them for gold. This observation led to the concept of fiat money, where the value of money is determined by the government and not tied to a physical commodity. 

fiat n. 命令；許可；政法 vt. 批准；頒佈
redeem  vt. 贖回；補償；挽回；恢復；履行；兌換

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到了18世紀，全球經濟已經擴展到一個程...
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