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The us dollar is currently a "fiat" currency. this means the dollar has value because the government declares it to have value. what phenomena does this explain?

a. the market value of the quarter being higher than a $20 bill, yet the $20 being worth more.
b. the intrinsic value of the quarter being higher than a $20 bill, yet the $20 being worth more.
c. the facial value of the quarter being higher than a $20 bill, yet the $20 being worth more.

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