What is a fiat currency?
A. Currency backed by a gold standard
B. A currency used to purchase a car
C. A currency backed by a physical commodity
D. A currency that is declared a currency by the government, although not backed by a physical commodity
Answer:D
What is a fiat currency?
A. Currency backed by a gold standard B. A currency used to purchase a car C. A currency backed by a physical commodity D. A currency that is declared a currency by the government, although not backed by a physical commodity