Question

pregunta 3 (5 puntos)
what does fdic stand for?
○ a federal department of insurance corporation
○ b federal deposit insurance corporation
○ c federal deposit interest contract
○ d federal district insurance corporation

pregunta 4 (5 puntos)
____ money basically only has value because the government says it has value.
○ a fiat
○ b commodity
○ c representative
○ d intrinsic

Explanation:

For Pregunta 3: FDIC is a U.S. agency insuring bank deposits, full form is Federal Deposit Insurance Corporation.
For Pregunta 4: Fiat money has value by government decree, no intrinsic value.

Answer:

b. Federal Deposit Insurance Corporation
a. fiat