Answer :
Arcade tokens and game tickets only have value because they are able to be exchanged for prizes in the arcade. This makes their fiat money. Thus, option 'C' is the correct option.
What is fiat money?
A sort of currency known as fiat money is one that a government has legalized but does not have any inherent or fixed value and is not backed by any actual object, such as gold or silver. The government that creates fiat currency guarantees its value, and it has the power to regulate the amount of money in circulation in reaction to changes in the economy.
Most major currencies, including the Euro and the United States Dollar (USD), are fiat money. Commodity money, which is backed by a real asset, is the primary substitute for fiat money. For instance, a certain quantity of gold is used to back the USD, and individuals could exchange one for the other.
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