Margarine and butter can both be used as a spread on toast.This means that they are:

Question 8 options:

a. complements.

b. substitutes.

c. inferior goods.

d. none of the above.

Select the correct statement about fiat money.

Question 11 options:

a. Fiat money is tied to a fixed quantity of gold and therefore protects against inflation.

b.Fiat money eliminates the need for monetary policy and the Federal Reserve?s role in managing the money supply.

c.All fiat money is a type of soft currency that trades only within the issuing country.

d.The U.S. dollar is fiat money.