Legal tender proclaimed to be money by law is called:

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Legal tender proclaimed to be money by law is known as fiat money. It has value only because the government declares it as money and accepts it as payment for taxes, debts, and other obligations. Examples of fiat money include paper currency, coins, and digital currencies like Bitcoin. Representative money (A) refers to notes or certificates that represent a certain amount of precious metal, while representative full-bodied money (C) refers to notes or coins made of precious metal itself.

Legal Tender Proclaimed to Be Money by Law Is Called