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Which of these is a suitable substitute used for trade barter fiat money coins and paper money?
Fiat money is a suitable substitute used for trade barter.
What form of money is used as a substitute for trade?
fiat money
How is Fiat Money used in the US?
In the United States Fiat Money is generally used for capturing criminals. Its been called a 'White-Collar' crimes. Fiat Money is greatly frowned upon and is predicted to bring an economic collapse.
What is the meaning behind the term Fiat money?
Fiat money is the term used to describe money that has it's value determined by the law or government. This means that most currencies are fiat money as most currencies are government issued.
What is a form of fiat money that is commonly used today?
. Digital money
What is a form of fiat money that is a commonly used today?
. Digital money
What is a form of fiat money that is commonly used today...?
. Digital money
Is the type of money used in the US commodity money representative money or fiat money?
puppys
What best explains the difference between fiat money and commodity money?
Commodity money can be used for some other purpose while Fiat money can only be used as a medium of exchange.Commodity (sometimes referred to as "Hard") money is currency which is fully backed by a specie (usually a precious metal i.e. Gold, Silver, or Platinum). Fiat money is backed only by a promise of the issuing government to honor the value of the bill or coin.
What is the difference between fiat money and representative money?
the difference between representative money and fiat money is that?A)representative money can be converted into silveror gold;fiat money cannot.B)representative money is worth more per dollar than fiat money; which is actually worthless.C)fiat money is counted in coins; representative money is counted in paper.D)fiat money is mre traditional than representative money,which is a newer concept. :)
Which form of money has value only because the governments says it does?
Fiat money
What is the fiat system?
the fiat money is money declared by a government. the fundamental flaw in the fiat money system can be summed up as human nature. the main reason that the masses ignore the inevitable failure of fiat money system
