3 years ago

____________ money is money that is declared as having value (purchasing power) by a government..

Social Studies

1 answer:

kotegsom [21]3 years ago

4 0

Answer:

Fiat

Explanation:

Fiat money can be described as the money which is valued because the government values that money. Fiat money is declared as money through government regulation. U.S dollar can be considered as an example of fiat money. Fiat money can be widely accepted as a means of payment. In simple words, fiat money can be best described as a currency issued by the government. Without the government, it has no value.

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