ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the source of fiat money’s value?
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it represents the value of another item
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government decree
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presidential pardon
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it is equal to the value of the stock market
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Explanation:
Detailed explanation-1: -A fiat currency is a national currency that is not pegged to the price of a commodity such as gold or silver. The value of fiat money is largely based on the public’s faith in the currency’s issuer, which is normally that country’s government or central bank.
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