Fiat money
A)is money that would have no value if it were not usable as money.
B)is illegal in most advanced, industrial countries.
C)is usually some type of precious metal.
D)will generally be accepted in trade for less than its face value.

Question

Quizplus · Accepted Answer

Fiat money is currency that is given value only because the government declares it to be legal tender or accepting it as a replacement for a valued commodity. It has no intrinsic value and its worth comes from being accepted as money.

Fiat Money