Money that has no intrinsic value except as money is called ________ money.
A) bonded
B) commodity
C) fiat
D) intrinsic
E) None of these answers is correct.

Question

Quizplus · Accepted Answer

Fiat money has no intrinsic value and its value is only derived from government regulation or law. Bonded money refers to money that is backed by a bond or other security, while commodity money has intrinsic value because it is made up of a valuable commodity. Intrinsic money does not exist as a concept.

Money That Has No Intrinsic Value Except as Money Is