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Business, 22.10.2019 14:00 krojas015

Which of the following most accurately explains why fiat money differs from commodity money?

fiat money can also be used as a productive input.
fiat money has value because it is a precious metal such as gold.
fiat money only has value as a medium of exchange.
fiat money has value because it enables the barter system to work.

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Which of the following most accurately explains why fiat money differs from commodity money?
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