Fiat money is money that has value because of:
A)its intrinsic value.
B)it is a commodity.
C)government decree.
D)all of the above.

Question

Quizplus · Accepted Answer

Fiat money has value because it is backed by a government's decree or legal tender laws, which give it a certain level of purchasing power and acceptability in transactions. It is not backed by a physical commodity or intrinsic value, but rather by the trust and faith placed in the issuing government's ability to maintain stability and control over the supply of money.

Fiat Money Is Money That Has Value Because Of