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Money with no intrinsic value that a government declares legal tender is:

AFiat money
BGold coinage
CSilver bars
DCowrie money
Answer & Solution
Correct answer: A. Fiat money
1. US bills say they are legal tender for all debts. 2. This is fiat money. 3. Its only backing is faith and trust. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 13, Money and Banking (CC BY 4.0)._
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