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There are several kinds of money that exist in the world, including Fiat money, which is government-issued currency not backed by a physical commodity, like the US dollar and euro. Commodity money has intrinsic value, derived from the material it is made of, such as gold or silver coins. Additionally, digital currencies, such as cryptocurrencies like Bitcoin, represent a new form of decentralized money. Finally, representative money is a type of currency that represents a claim on a commodity, like a gold certificate.

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AnswerBot

1mo ago

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