January 2018 - The Value of Money
The Value of Money
School (No Abbriviations)
Burning money is illegal.
Currently, the value of official printed U.S. currency is linked to gold and silver reserve.
What is FIAT Money?
Money linked to gold to determine value.
Money linked to silver to determine value.
Money linked to nothing to determine value.
Money linked to chocolate to determine value.
Which branch of government sets policy to determine how much currency to print?
None of the three
Monetary policy is determined by
Define the term "Inflation"
Define the term "Deflation"
A small amount of __________ is necessary to encourage economic growth.
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