Question

Money that has value because the government has declared that it is an acceptable means to pay debts is referred to as _____. fiat money representative money commodity money uniformity

Answer 1

Fiat money is the answer

Answer 2

Fiat money is the term used to refer to money that has value because the government has declared that it is an acceptance means to pay debts.

Example of fiat money are paper money and coins with "this note is legal tender for all debts private and public."