Business, 30.12.2021 09:40 zhiyar9879

In a fiduciary monetary system, the value of the money issued by a government is based on: a. public confidence in that currency's acceptability and predictability of value.
b. the gold held in that government's vaults.
c. the ability to convert it to some asset of value, like silver.
d. its being made out of some material with a market value equal to a bill's face value.

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