Answer:
Option B
Explanation:
Fiat money is a legal decree by the government, a legal tender but in-convertible paper money or currency . The word Fiat comes from a Latin meaning (from research) , which means "let it be" or "let it be done" its accepted based on the supply and demand attached to a commodity, so the government uses it to replace the legal tender paper money that is convertible.
So there fore, Fiat money is a paper currency that has been declared legal tender but in-convertible into coins or precious metals like gold or silver.
