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

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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

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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

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