Question

1. Give at least two examples of how you have used digital money.

2. Why is digital money classified as fiat money?
3. What are some ways to use money to make more money?

Answer 1

1. Online shopping and registration for a program online

2. Because usually it is not backed up by any commodity such as gold or silver. While it is possible to have digital currency that is fully backed up by a commodity, most aren't.

3. some ways could be investing to get something back or trading

Explanation: