The correct answer is has no intrinsic value. Fiat money is a government-issued currency that is not backed by a commodity such as gold.Fiat money gives central banks greater control over the economy because they can control how much money is printed.Most modern paper currencies, such as the U.S. dollar, the British Pound, the euro, the Indian Rupee etc., are fiat currencies.One danger of fiat money is that governments can print too much of it, resulting in hyperinflation.