Identify a difference between fiat currencies and cryptocurrencies.
A) Unlike cryptocurrencies, fiat currencies are electronic currencies monitored by distributed peer networks.
B) Unlike cryptocurrencies, fiat currencies are not controlled by intermediaries.
C) Unlike cryptocurrencies, fiat currencies have no physical form.
D) Unlike cryptocurrencies, fiat currencies are declared to be legal tender by the government.

Question

Quizplus · Accepted Answer

Fiat currencies are declared to be legal tender by governments, which is a key difference from cryptocurrencies that are not recognized as legal tender by most governments.

Identify a Difference Between Fiat Currencies and Cryptocurrencies