Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is government-issued currency that has no intrinsic value but holds purchasing ...
Reviewed by Caitlin ClarkeFact checked by David RubinReviewed by Caitlin ClarkeFact checked by David Rubin Fiat money is money that is backed by public faith in the issuer, in contrast to commodity ...
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