A 1 euro coin in France is an example of near money barter m

A 1 euro coin in France is an example of

near money.

barter money.

commodity-backed money.

fiat money.

commodity money.

A 1 euro coin in France is an example of A. near money. B. barter money. C. commodity-backed money. D. fiat money. E. commodity money.

Solution

It is fiat money. The reason is its value after it is melted is not equal to one euro and it is not backed .