Fiat Money is (choose the best answer) Question 1 options: money only because the government says it is a medium of exchange backed by gold created by chartered banks fractionally backedOne of the goals of the Bank of Canada is to Question 2 options: Create new forms of money Keep inflation on target at a rate between 1% and 3% Regulate Chartered banks to make sure that they loan out excess reserves Enforce the required reserve ratio for chartered banks