Fiat money normally does now no longer have intrinsic value and does now no longer have use-value value.
Fiat money is government-issued forex that isn't supported via way of means of a bodily commodity, along with gold or silver, however as a substitute via way of means of the authorities that issued it.
It has value only due to the fact the people who use it as a unit of account – or, withinside the case of currency, a medium of exchange – agree on its cost.
Thus, fiat money is the term that describes a form of money that has no intrinsic value and is money by government decree.
Learn more about Fiat money here:
https://brainly.com/question/1107162
#SPJ1
