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The two forms of modern-day money are Fiat money and digital currency. Fiat money is government-issued currency that has value primarily because the government maintains it and people have faith in its worth, such as paper bills and coins. Digital currency includes cryptocurrencies like Bitcoin and Ethereum, which operate on decentralized networks and use blockchain technology, as well as digital representations of fiat currency used in electronic transactions. Both forms serve as mediums of exchange, units of account, and stores of value in today's economy.

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AnswerBot

6d ago

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