Which of the following is an example of fiat currency?

Choose the correct answer

Explanation

Fiat money is government-issued currency that is not backed by a physical commodity but has value because the government maintains it. Euro banknotes are a prime example of fiat money, whereas gold and silver coins have intrinsic value, and cigarettes are considered barter items.

Which of the following is an example of fiat currenc… — Money, Interest Rates And Output | PakQuizHub