Fiat money has a. little to no intrinsic value and is authorized by the central bank or governmental body. b. a great intrinsic value that is independent of its use as money. c. little to no intrinsic value but is backed by the quantity of gold held by the central bank. d. value, because it can be redeemed for gold by the central bank.

A. little to no intrinsic value and is authorized by the central bank or governmental body.

Explanation:

Fiat money is money that has little to no intrinsic value and is authorized by the central bank or governmental body.

It is usually established by the government as legal tender and its value is maintained by the government.

 Commodity money has a great intrinsic value that is independent of its use as money. 

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