tinalynnwilson80
tinalynnwilson80 tinalynnwilson80
  • 20-06-2021
  • Social Studies
contestada

What type of currency only has value because the government's law
worth something?
Commodity money
Fiat money
Paper money
Representative money

Respuesta :

lolagunn71815
lolagunn71815 lolagunn71815
  • 20-06-2021

Answer:

Fiat money

Explanation:

Fiat money is a currency (a medium of exchange) established as money, often by government regulation. Fiat money does not have intrinsic value and does not have use-value. It has value only because a government maintains its value, or because parties engaging in exchange agree on its value.

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