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

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

User Dwurf
by
7.6k points

1 Answer

5 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.

User Dijon
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