Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver etc., but only by the faith of the bearer? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver etc., but only by the faith of the bearer? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above
by

1 Answer

Answer :

C. Fiat Money Explanation: Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
by
selected

Related questions

Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Description : Which of the following is a form of money that has an intrinsic value, like gold coins? A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Last Answer : A. Commodity Money Explanation: Commodity Money is a form of currency in which the value of the currency comes from the material of which it is made.

Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Description : Paper Money issued on the credit of a bank or government is called ______ A. Commodity Money B. Representative Money C. Fiat Money D. Fiduciary currency E. None of the Above

Last Answer : D. Fiduciary currency Explanation: Fiduciary Money that depends for its value on confidence that it is an accepted medium of exchange. It originated as a paper certificate that was a promise to pay a certain amount of gold or silver to the bearer.

Any type of money that has face value greater than its value as material substance is known as _______ A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Description : Any type of money that has face value greater than its value as material substance is known as _______ A. Commodity Money B. Representative Money C. Fiat Money D. fiduciary currency E. None of the Above

Last Answer : B. Representative Money Explanation: A claim on a commodity, for example gold certificates or silver certificates. Any type of money that has face value greater than its value as material substance is called Representative Money.

A market established for the buying and selling of precious metals such as Gold and Silver is termed as ________ A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Description : A market established for the buying and selling of precious metals such as Gold and Silver is termed as ________ A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Last Answer : A. Bullion Market Explanation: A market established for the buying and selling of precious metals such as Gold and Silver is termed as Bullion Market.

Other than the gold standard what non fiat currency is a good investment?

Description : Other than the gold standard what non fiat currency is a good investment?

Last Answer : It sounds like you are asking what good barter items might be. It would have to be something that lasts a long time or something that can be created continuously, something physical, and something that ... system is kicking in, growing your own and trading it for things you need is a win-win.

What would be the advantages and disadvantages if President Obama was to issue gold or silver backed certificates instead of injecting trillions into the economy?

Description : What would be the advantages and disadvantages if President Obama was to issue gold or silver backed certificates instead of injecting trillions into the economy?

Last Answer : There is not enough gold or silver available unless their value was extremely inflated.

Was US Dollar ever backed by gold and silver?

Description : Was US Dollar ever backed by gold and silver?

Last Answer : Yes. Nixon took us off the gold standard.

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

Will Cryptocurrency Take Over From Fiat Currency?

Description : Will Cryptocurrency Take Over From Fiat Currency?

Last Answer : I don't really see this kind of situation coming to reality any time soon. I have always been of the opinion that cryptocurrency has not gotten to that level where we can say that they are going to ... of most of the coins in their areas and this is something that we should think about as well.

The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve System B. Proportional Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Description : The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as __________ A. Minimum Reserve ... Reserve System C. Maximum Fiduciary Issue system D. Simple deposit system E. None of the Above

Last Answer : A. Minimum Reserve System Explanation: The RBI follows a minimum reserve system in the note issue. Initially, it used to keep 40 per cent of gold reserves in its total assets.

On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above

Description : On a Cheque instead of two parallel lines only bank‟s name is written is known as _________ A. Payable to bearer B. General Crossing C. Special Crossing D. Both (B) and (C) E. None of the Above

Last Answer : C. Special Crossing Explanation: When a particular bank s name is written in between the two parallel lines the cheque is said to be specially crossed.The effect of special crossing is that ... is written in the crossing. Specially crossed cheques are more safe than a generally crossed cheques.

For hannelizing the unaccounted money for productive purposes the Government Introduced the scheme of : (1) Special Bearer Bonds (2) Resurgent. India Bonds (3) Provident Funds (4) Market Loans

Description : For hannelizing the unaccounted money for productive purposes the Government Introduced the scheme of : (1) Special Bearer Bonds (2) Resurgent. India Bonds (3) Provident Funds (4) Market Loans

Last Answer : (1) Special Bearer Bonds Explanation: The Special Bearer Bonds (Immunities And Exemptions) Act, 1981 laid down the purpose of such bonds as necessary to canalize for productive purposes black money which has ... to issue at par certain bearer bonds to be known as the Special Bearer Bonds, 1991.

For channelising the unaccounted money for productive purposes the Government Introduced the scheme of : (1) Special Bearer Bonds (2) Resurgent India Bonds (3) Provident Funds (4) Market Loans

Description : For channelising the unaccounted money for productive purposes the Government Introduced the scheme of : (1) Special Bearer Bonds (2) Resurgent India Bonds (3) Provident Funds (4) Market Loans

Last Answer :  Special Bearer Bonds

7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Description : 7. The monetary base is composed of: a. gold and silver b. currency only c. currency and reserves d. currency and checkable deposits

Last Answer : c. currency and reserves

In their fiduciary role, the professional accountants owe their primary loyalty to: a. The accounting profession b. The general public c. The client d. Government regulatory agencies

Description : In their fiduciary role, the professional accountants owe their primary loyalty to: a. The accounting profession b. The general public c. The client d. Government regulatory agencies

Last Answer : The client

Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Description : Small nations (e.g., Tanzania) with more than one major trading partner tend to peg the value of their currencies to: A. Gold B. Silver C. A single currency D. A basket of currencies

Last Answer : D. A basket of currencies

________ are financial markets for the buying and selling of long-term debt or equity-backed securities. A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Description : ________ are financial markets for the buying and selling of long-term debt or equity-backed securities. A. Bullion Market B. Capital Market C. Money Market D. All of the Above E. None of the Above

Last Answer : B. Capital Market Explanation: Capital market is a market where buyers and sellers engage in trade of financial securities like bonds, stocks, etc

Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Description : Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets under _______ of the Banking Regulation Act, 1949 A. Section 35A B. Section 25A C. Section 15A D. Section 30A E. None of the Above

Last Answer : A. Section 35A Explanation: The Reserve Bank of India has made it mandatory on the banks to discontinue the practice of stapling the currency note packets. It has issued a directive to banks under Section 35A of the Banking Regulation Act, 1949.

What effect will each of the following have on the demand for small automobiles such as the mini-cooper and fiat 500 small auoymobiled become more fashionable?

Description : What effect will each of the following have on the demand for small automobiles such as the mini-cooper and fiat 500 small auoymobiled become more fashionable?

Last Answer : Feel Free to Answer

What is AGMARK? (1) It is a marketing seal issued on the graded agricultural commodity (2) It stands for agricultural marketing (3) It represents agricultural management and regulation (4) None of these

Description : What is AGMARK? (1) It is a marketing seal issued on the graded agricultural commodity (2) It stands for agricultural marketing (3) It represents agricultural management and regulation (4) None of these

Last Answer : (2) It stands for agricultural marketing Explanation: AGIVIARK is a certification mark employed on agricultural products in India, assuring that they conform to a set of standards approved by the ... Pulses, Cereals, Essential Oils, Vegetable Oils, Fruits & Vegetables, and semi-processed products.

What is ‘AGMARK’? (1) It is a marketing seal issued on the graded agricultural commodity (2) It stands for agricultural marketing (3) It represents agricultural management and regulation (4) None of these

Description : What is ‘AGMARK’? (1) It is a marketing seal issued on the graded agricultural commodity (2) It stands for agricultural marketing (3) It represents agricultural management and regulation (4) None of these

Last Answer :  It stands for agricultural marketing

Certain characteristics or circumstances may increase the susceptibility of assets to misappropriation. Opportunities to misappropriate assets increase due to the following except: a. Inventory items that are small in size, of high value, or in high demand. b. Known or anticipated future employee layoffs. c. Easily convertible assets, such as bearer bonds, diamonds, or computer chips. d. Fixed assets which are small in size, marketable, or lacking observable identification of ownership.

Description : Certain characteristics or circumstances may increase the susceptibility of assets to misappropriation. Opportunities to misappropriate assets increase due to the following except: a. Inventory items that ... which are small in size, marketable, or lacking observable identification of ownership.

Last Answer : Certain characteristics or circumstances may increase the susceptibility of assets to misappropriation. Opportunities to misappropriate assets increase due to the following except: a. Inventory items that ... which are small in size, marketable, or lacking observable identification of ownership.

To raise the standards of the profession, the Philippine Accountancy Act of 2004 requires that the CPA profession be integrated under the rules to be established by a. The PICPA. b. The Board of Accountancy. c. The Professional Regulation Commission. d. The Government Association of CPAs.

Description : To raise the standards of the profession, the Philippine Accountancy Act of 2004 requires that the CPA profession be integrated under the rules to be established by a. The PICPA. b. The Board of Accountancy. c. The Professional Regulation Commission. d. The Government Association of CPAs.

Last Answer : The Professional Regulation Commission

Which of the following is not a type of cheque issued by an individual? A. Bearer Cheque B. Crossed Cheque C. Order Cheque D. Savings Cheque

Description : Which of the following is not a type of cheque issued by an individual? A. Bearer Cheque B. Crossed Cheque C. Order Cheque D. Savings Cheque

Last Answer : D. Savings Cheque Explanation: An order cheque can be a bearer cheque if the words or bearer are not cancelled out.A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed.

No one can see me, hear me, feel me, or smell me. Yet, if you tell me... I can do all those things and more. Every person, animal, amphibian (or more) needs me. Without me my wielder will die. I can only be touched when my bearer is dead, and I can only be used if my bearer lives. You can create me cooperatively, but cannot create me manually. What am I? -Riddles

Description : No one can see me, hear me, feel me, or smell me. Yet, if you tell me... I can do all those things and more. Every person, animal, amphibian (or more) needs me. Without me my wielder ... be used if my bearer lives. You can create me cooperatively, but cannot create me manually. What am I? -Riddles

Last Answer : I am your brain.

Government of India closed ______ and established National Company Law Tribunal and National Company Law Appellate Tribunal. A. IIFCL B. BIFR C. SICA D. Both (A) and (C) E. None of the Above

Description : Government of India closed ______ and established National Company Law Tribunal and National Company Law Appellate Tribunal. A. IIFCL B. BIFR C. SICA D. Both (A) and (C) E. None of the Above

Last Answer : B. BIFR Explanation: The Sick Industrial Companies (Special Provisions) Repeal Act, 2003 replaced SICA and sought to dissolve the BIFR and the Appellate Authority for Industrial and Financial ... GOI was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA).

Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Description : Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Last Answer : credit cards

When a driver stops at an intersection because traffic is backed up, German law requires the driver to leave enough space for vehicles on the intersecting street to clear the intersection.?

Description : When a driver stops at an intersection because traffic is backed up, German law requires the driver to leave enough space for vehicles on the intersecting street to clear the intersection.?

Last Answer : This isn't really a question. Just a statement. It makes sense to not block the intersection when there's traffic. I hate when people do that.

A desire culminates into demand or effective desire only when it is backed by (a) Purchasing power ; (b) Willingness of spend money ; (c) Both ; (d) None

Description : A desire culminates into demand or effective desire only when it is backed by (a) Purchasing power ; (b) Willingness of spend money ; (c) Both ; (d) None 

Last Answer : (c) Both ;

Government securities are considered liquid because they are - (1) backed by the Government treasury (2) convertible into other types of saving deposits (3) quickly and easily marketable (4) stable in value

Description : Government securities are considered liquid because they are - (1) backed by the Government treasury (2) convertible into other types of saving deposits (3) quickly and easily marketable (4) stable in value

Last Answer : (3) quickly and easily marketable Explanation: Liquid Asset is an asset that can be converted into cash quickly and with minimal impact to the price received. In a liquid market, ... free highly liquid financial instruments, which market participants are more willing to transact and take positions.

Government securities are considered liquid because they are (1) backed by the Government treasury (2) convertible into other types of saving deposits (3) quickly and easily marketable (4) stable in value

Description : Government securities are considered liquid because they are (1) backed by the Government treasury (2) convertible into other types of saving deposits (3) quickly and easily marketable (4) stable in value

Last Answer : quickly and easily marketable 

Explain the following terms/concept : Fiduciary duty

Description : Explain the following terms/concept : Fiduciary duty

Last Answer : Explain the following terms/concept : Fiduciary duty

Corporate Fiduciary Duties?

Description : Corporate Fiduciary Duties?

Last Answer : Corporate fiduciary duties demand that the "fiduciary," (who is given legal control over funds), establishes a "standard of care" that rejects normal self interest for the benefit of the ... finances. The fiduciary must not take advantage of or betray the confidence of the entrusting parties.

Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as ________ A. Amortisation Period B. Amortising Swap C. Asset Backed Security D. Attrition Analysis

Description : Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as ________ A. Amortisation Period B. Amortising Swap C. Asset Backed Security D. Attrition Analysis

Last Answer : A. Amortisation Period Explanation: The amortisation period on a mortgage is the total length of time it will take you to pay off your mortgage.

For organizations who have threatening looking members stand in the background while the representative does an interview (Black Panthers, Taliban, ISIS, etc), how do they break the news to non threatening looking members that they can't be on TV despite their enthusiasm?

Description : For organizations who have threatening looking members stand in the background while the representative does an interview (Black Panthers, Taliban, ISIS, etc), how do they break the news to non threatening looking members that they can't be on TV despite their enthusiasm?

Last Answer : Sounds like something that would be in a Key & Peele skit.

Officially called ‘promotor fidei’ (Promoter of the Faith), this office was established in 1587 during the reign of Pope Sixtus V and abolished by Pope John Paul II in 1983. What evocative name, now in common parlance, was used for referring to the person holding this office?

Description : Officially called ‘promotor fidei’ (Promoter of the Faith), this office was established in 1587 during the reign of Pope Sixtus V and abolished by Pope John Paul II in 1983. What evocative name, now in common parlance, was used for referring to the person holding this office?

Last Answer : Devil’s advocate.

CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these

Description : CERSAI was registered as a government-licensed company, under section 25 of _________ A. Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. B. Companies Act, 1956 C. Banking Regulation Act, 1949 D. Both (A) and (B) E. None of these

Last Answer : B. Companies Act, 1956 Explanation: Central Registry of Securitisation Asset Reconstruction and Security Interest of India is a company licensed under section 25 of the Companies Act, 1956

They were traditionally made from bone, quill, ivory or gold and silver, if you could afford such ostentation. Mass production is traced to the American entrepreneur Charles Forster who noticed young boys selling similar objects made of Spanish willow while travelling through Brazil. He returned to Boston in 1870 and set up a factory that used white birch as raw material because it was tasteless. What business did Forster thus begin?

Description : They were traditionally made from bone, quill, ivory or gold and silver, if you could afford such ostentation. Mass production is traced to the American entrepreneur Charles Forster who noticed young ... white birch as raw material because it was tasteless. What business did Forster thus begin?

Last Answer : Toothpicks.

If a draft is made to bearer, payment should be made to _____. A. a bank B. drawer C. acceptor D. anyone who presents the draft E. all of the above

Description : If a draft is made to bearer, payment should be made to _____. A. a bank B. drawer C. acceptor D. anyone who presents the draft E. all of the above

Last Answer : D. anyone who presents the draft

Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an order to pay D. must be payable on sight or at a specified date E. must be made out to order or bearer

Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer

Last Answer : B. must contain a promise to pay a certain sum if goods are received

The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Description : The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Last Answer : D. The Negotiable Instruments Act, 1881 Explanation: The Negotiable Instruments Act, 1881 – An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.

Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Last Answer : Cheap International transport.

Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Description : Which of the following is NOT a business opportunity generated by globalization? A. Access to low cost labour. B. Cheap International transport. C. Currency crises. D. Less stringent regulation of the business environment.

Last Answer : Currency crises.

Do you think Fiat/Chrysler will go out of business?

Description : Do you think Fiat/Chrysler will go out of business?

Last Answer : answer:No. This fine ($105 mill) is going to be largely covered by insurance anyway. And Fiat has VERY deep pockets. This is a drop in the bucket. Nothing which is going to cause them any financial instability.

Can anyone tell me what year this Fiat Spider is?

Description : Can anyone tell me what year this Fiat Spider is?

Last Answer : answer:I had a boyfriend who had a Fiat back in college. Every time he drove it over railroad tracks, the steering had to be realigned. It was an awesome car, and fun to ride around in, and the ... you can assess what the car is worth. There are a number of restorations that are featured on the web.

Can a Fiat Cinquecento 0.9 engine be replaced with a 1.1 Sporting (or other) engine?

Description : Fiat Cinquecento 0.9 engine can be replaced with 1.1 Sporting (or other) engine?

Last Answer : I think it's workable. The story is quite a job, but you can do it. You definitely have to start with the conceptions. [img] https:///wp-content/uploads/2016/02/S0-La-p-tite-sportive-du-lundi-Fiat-Cinquecento-Sporting-144210.jpg [/ img] [img ] https:///wp-content/uploads/2016/02/7224-1.jpg [/ img] 

MT UMI super I paired with hand free integrated in the car (fiat, blue me system).

Description : The phone is displayed, allows you to make or receive a call, mutes the radio, the other party hears me well, but I do not hear the other party at all.In the phone android6.2. After ... without change. Previous phones of the same brand worked without any problems. I ask very much for any advice.

Last Answer : UMI SUPER phone, paired with a hand free in the vehicle (fiat, blue me system). The phone is displayed, allows you to make or receive a call, mutes the radio, the other party hears me ... change. Previous phones of the same brand worked without any problems. I ask very much for any advice.

Can I use 5w30 oil in a fiat punto?

Description : Can I use 5w30 oil in a fiat punto?

Last Answer : It would depend on the year of the car and engine type.

What are the dimensions of the tires of the truck Fiat 616 year 1973?

Description : What are the dimensions of the tires of the truck Fiat 616 year 1973?

Last Answer : Standard tire size: 125 - 12 Tire width (mm): 125 Tire sidewall factor: 82 Rim size (in): 12 Total wheel diameter (mm / in): 510 / 20.1

What is the full form of FIAT?

Description : What is the full form of FIAT?

Last Answer : First in all test (Fiat)