QuestionJuly 10, 2025

Which is a form of fiat money that is commonly used today? commodity money nonperishable money credit cards digital money

Which is a form of fiat money that is commonly used today? commodity money nonperishable money credit cards digital money
Which is a form of fiat money that is commonly used today?
commodity money
nonperishable money
credit cards
digital money

Solution
4.3(183 votes)

Answer

digital money Explanation 1. Identify Fiat Money Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. 2. Determine Common Forms Digital money, such as electronic currencies and online banking balances, is a common form of fiat money used today.

Explanation

1. Identify Fiat Money<br /> Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity.<br />2. Determine Common Forms<br /> Digital money, such as electronic currencies and online banking balances, is a common form of fiat money used today.
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