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5 December, 03:48

What type of money did this economy use?

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  1. 5 December, 04:07
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    Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order ... And commercial bank money can be described as claims against financial institutions that can be used to purchase goods or services.

    Explanation:

    The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money.
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