Assets a government says are money and are accepted by the public as money are called ________ money.

Name: Assets a government says are money and are accepted by the public as money are called ________ money.
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Fiat money refers to currency that is not backed by a physical commodity, such as gold or silver, but is accepted as legal tender by government decree or fiat. This type of money is valuable because everyone agrees to treat it as valuable, not because it has intrinsic value.

Assets a Government Says Are Money and Are Accepted by the Public