Which of the following is a disadvantage of fiat currency compared to using a commodity...
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Which of the following is a disadvantage of fiat currency compared to using a commodity like gold as money? (i.., which of these are a problem for the fiat currency but not a problem with using gold as money.) 1) Risk of counterfeiting II) Requires trusting the issuing authority that they will not issue too much money III) Unsuitable for very large transactions O a. Ill only O b. I and II O c. I only O d. II only O e. I, II, and III
Which of the following is a disadvantage of fiat currency compared to using a commodity like gold as money? (i. ..., which of these are a problem for the fiat currency but not a problem with using gold as money.) 1) Risk of counterfeiting II) Requires trusting the issuing authority that they will not issue too much money III) Unsuitable for very large transactions a. III only b. fand II c. I only d. II only e. I, II, and
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