garciastephanieatx garciastephanieatx

16-05-2024
Social Studies

Answered

Money that has value simply because the government says it does is called
A
credit
currency
flat money
representative money

Answer :

GinnyAnswer GinnyAnswer

16-05-2024

Final answer:

Fiat money is currency whose value is based on government order and public trust, not intrinsic worth.

Explanation:

Fiat money is money that has value because the government declares it as legal tender, not because it is backed by a physical commodity like gold. This type of currency, such as the U.S. dollar, relies on government decree and universal faith in its value for it to function as a medium of exchange.

Learn more about Fiat Money here:

https://brainly.com/question/14136478

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