Which is considered fiat money?

Name: Which is considered fiat money?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Fiat money is currency that has no intrinsic value and is backed by the government's promise to pay. Greenbacks, also known as United States Notes, were not backed by gold or any other physical commodity, making them fiat money. Gold coins and silver dollars have intrinsic value because they are made of precious metals, while silver certificates were redeemable for silver, making them not pure fiat money.

Which Is Considered Fiat Money