Which of the following is a difference between fiat currencies and cryptocurrencies?

A) Unlike fiat currencies, cryptocurrencies have a physical form.
B) Unlike fiat currencies, cryptocurrencies are not backed by any government.
C) Unlike fiat currencies, cryptocurrencies are not backed by any physical commodity.
D) Unlike fiat currencies, cryptocurrencies represent the value of a government's store of gold or silver.

Question

kasey blakeman · Accepted Answer

Final Answer : B, Explanation :  Cryptocurrencies are not backed by any government, distinguishing them from fiat currencies, which are government-issued and supported.

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