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5 February, 07:49

What kind of money is a gold certificate considered to be

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  1. 5 February, 07:59
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    A dollar is no longer worth a dollar in gold. When this happens, the money becomes fiat money. Instead of using gold as the power behind the money, the government is the strength and the reason the fiat money has value. The money has value because the government says it does.
  2. 5 February, 08:08
    0
    A gold certificate is considered to be a representative money.
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