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worty [1.4K]
3 years ago
9

Review Questions 1

History
2 answers:
Kipish [7]3 years ago
7 0

Answer:

Explanation:

Fiat money has no intrinsic value, while legal tender is any currency declared legal by a government. Governments can issue fiat currency and make it legal tender by setting it as the standard for debt repayment.

LiRa [457]3 years ago
5 0

1)The money has value because the government says it does. ... Fiat money is physical money backed by a government and is considered legal tender. Representative money is backed by a physical commodity such as precious metals or instruments like checks and credit cards.

Review question 2

1)The FDIC, or Federal Deposit Insurance Corporation, is an agency created in 1933 during the depths of the Great Depression to protect bank depositors and ensure a level of trust in the American banking system.

PLEASE GIVE ME AS BRAINLIEST

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