Identify a difference between fiat currencies and cryptocurrencies.O Unlike cryptocurrencies, fiat currencies have no physical form.Unlike cryptocurrencies, fiat currencies are declared to be legal tender by the government.Unlike cryptocurrencies, fiat currencies are not controlled by intermediaries.O Unlike cryptocurrencies, fiat currencies are electronic currencies monitored by distributed peer networks.

In order to exchange it for goods and services, currency must be something that is commonly…

Identify a difference between fiat currencies and cryptocurrencies. O Unlike cryptocurrencies, fiat currencies have no physical form. O Unlike cryptocurrencies, fiat currencies are declared to be legal tender by the government. O Unlike cryptocurrencies, fiat currencies are not controlled by intermediaries. O Unlike cryptocurrencies, fiat currencies are electronic currencies monitored by distributed peer networks.

Identify a difference between fiat currencies and cryptocurrencies. O Unlike cryptocurrencies, fiat currencies have no physical form. O Unlike cryptocurrencies, fiat currencies are declared to be legal tender by the government. O Unlike cryptocurrencies, fiat currencies are not controlled by intermediaries. O Unlike cryptocurrencies, fiat currencies are electronic currencies monitored by distributed peer networks.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Monetary System

Section: Chapter Questions

Problem 3PA

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