Question
Fiat money has
Select one:
a. value, because it can be redeemed for gold by the central bank.
b. little to no intrinsic value but is backed by the quantity of gold held by the central bank.
C. a great intrinsic value that is independent of its use as money.
d. little to no intrinsic value and is authorized by the central bank or governmental body.
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Transcribed Image Text

Fiat money has Select one: a. value, because it can be redeemed for gold by the central bank. b. little to no intrinsic value but is backed by the quantity of gold held by the central bank. C. a great intrinsic value that is independent of its use as money. d. little to no intrinsic value and is authorized by the central bank or governmental body.

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