Question

Which type of currency is now in use in the United States?

A. Fiat money B. Specie money C. Commodity money D. Cash money

Any help?

Answer 1

Answer: A. Fiat money

Explanation:

Fiat money is known to be a type of money which is issued and accepted by the government of a country in which it is used. Also, it is a legal tender which is used in buying and selling of commodities based on the market forces of demand and supply. Examples include: coins, paper money and so on. Thus, it does not derive its value from the materials it is made of.

Answer 2

The answer to the given question above would be option A. The type of currency that is now in use in the United States is called FLAT MONEY. This kind of money has a value that is based on the relationship between supply and demand rather than the value of the material that the money is made of. Hope this helps.