Directions You are provided with four sentences followed by four options All the options suggest way...........

English ( Master) Sentence Completion

Directions: You are provided with four sentences followed by four options. All the options suggest ways in which the given four sentences can be combined into a single sentence. Identify the option that suggests the best possible way, contextually and grammatically, to combine the given sentences implying the same meaning.

Fiat currency is backed by people’s willingness to accept it as a form of payment ; Fiat currency is backed by being legal tender ; Fiat currency is accepted as a form of payment for financial obligations, including taxes ; Fiat money is not backed by any physical commodity.

Fiat money is currency that is not backed by any physical commodity but by people’s willingness to accept it as a form of payment as well as being legal tender and accepted as a form of payment for financial obligations, including taxes.

Fiat currency, apart from not being backed by any physical commodity, is accepted as a form of payment for financial obligations, including taxes, and is legal tender along with being accepted as a form of payment by the people as well.

Because fiat money is a currency, it is backed by people’s willingness to accept it as a form of payment and accepted as a form of payment for financial obligations, including taxes but is not backed by any physical commodity.

As Fiat currency has people’s acceptance and willingness as a form of payment, it is legal tender and also a form of payment of taxes and other financial obligations while also not being backed by any physical commodity.

A and B

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Explanation:

Correct answer is (e). Option C does not make sense. It reverses the cause and effect relationship between currency and people’s willingness to accept it and is incorrect.
Option D is correct as it seems to convey that because fiat currency has people’s acceptance, it is also legal tender. This is incorrect as a currency is legal tender when it is backed by the government and not people. Options A and B are correct contextually and grammatically. Hence, option E is correct.