What type of money is nonconvertible and has no intrinsic worth? OA. Gold B. Commodity money C. Fiat money D. Currency

Sherlin asked Jan 19, 2023

232,383 views

37 votes

What type of money is nonconvertible and has no intrinsic worth?

OA. Gold
B. Commodity money
C. Fiat money
D. Currency

Sherlin asked Jan 19, 2023

3.3k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

15 votes

Answer: Fiat money

Explanation: Fiat money serves only as a medium of exchange, because its use as such is authorized by the government; it has no intrinsic value.

Jaffer Wilson answered Jan 24, 2023

3.1k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers