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2 May, 02:28

Which of the following best explains the difference between fiat money and commodity money?

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Answers (2)
  1. 2 May, 02:32
    0
    Fiat money is paper money, when commodity money is made from valuable objects that can be used for trade.
  2. 2 May, 02:35
    0
    commodity money can be used for some other purpose while flat money can only be used as a medium of exchange

    Explanation:

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