Sxaxsxa Sxaxsxa

13-05-2021
Business

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What is fiat money and why does it have value?

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CoolReaper CoolReaper

13-05-2021

The answer is… Fiat money is a type of currency that has the value because it's backed by a type of government, not because it represents ownership of a physical good, such as shinning gold. Hope this helps!

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