Which of the following statements about fiat money is false? Choose one: A. The use of a fiat money is authorized by the government. B. The use of a fiat money permits easy expansion of the money supply. C. Fiat money has little to no intrinsic value. D. Fiat money is backed by a commodity. E. Fiat money can serve as a medium of exchange.
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Home » Business » Which of the following statements about fiat money is false? Choose one: A. The use of a fiat money is authorized by the government. B. The use of a fiat money permits easy expansion of the money supply. C.