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Fiat money has only a single use as a medium of exchange.
Fiat money has only a single use as a medium of exchange.
Fiat money has value bc the gov. declares that it has value.
Fiat money has value because the government declares that it has value.
Commodity money is a good that can be used as a medium of exchange or for some other purpose. Apex
Fiat money has only a single use as a medium of exchange.
Fiat money has only a single use as a medium of exchange.
Fiat money has value bc the gov. declares that it has value.
Fiat money has value because the government declares that it has value.
Commodity money is a good that can be used as a medium of exchange or for some other purpose. Apex
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.
Fiat money
A commodity is a good that is worth money, there is no such thing as "commodity money". So if you have a good that was purchased from a vendor that is by definition a commodity, its value is whatever you paid for it, my suggestion is a mark up and that is its profit.
fiat money and digital money
justice includes punishment and reward
Fiat means in Latin let it be done. Fiat money is usu. Printed into existence without the backing of any physical metal or a strong manufacturing base. Most currencies in the world today are "let it be done" currencies.
"Soft" or Fiat money is opposed by most Libertarians and some Republicans such as Ron Paul.