If the government decrees that bottle tops will be treated as money, then a bottle top
A) can still never be money because it has so little intrinsic value.
B) is called fiat money.
C) will not function well as a unit of account.
D) will serve well for international trade.

Question

Quizplus · Accepted Answer

Fiat money is money that has value solely because the government has decreed it to be used as a medium of exchange. Therefore, if the government decrees that bottle tops will be treated as money, then they will be considered fiat money.

If the Government Decrees That Bottle Tops Will Be Treated