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28 June, 11:32

Which of the following most accurately explains why fiat money differs from commodity money?

Fiat money can also be used as a productive input.

Fiat money has value because it is a precious metal such as gold.

Fiat money only has value as a medium of exchange.

Fiat money has value because it enables the barter system to work.

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  1. 28 June, 13:05
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    I am pretty sure that the following which most accurately explains why fiat money differs from commodity money is Fiat money only has value as a medium of exchange I choose this according to the fact it is a more convenient form of money which can turn your operations with money into a paper and make everything easier!
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