Which one of the following is an example of "fiat money"
A)Precious stones
B)Grains
C)Gold coins
D)Currency notes

Question

Quizplus · Accepted Answer

Fiat money is a type of currency that is not backed by a physical commodity but rather by the government that issued it. Currency notes are an example of fiat money because their value is not based on physical goods but on the trust and authority of the government issuing them.

Which One of the Following Is an Example of "Fiat