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3 May, 15:13

What is fiat money?

A. money issued by financial intermediaries, such as banks, but not the central bank

B. money that has value independent of its use as money

C. an asset that has the ability to be easily converted into the medium of exchange

D. money that is authorized by a central bank and that does not have to be exchanged for gold or some other commodity money

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  1. 3 May, 16:41
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    a) - money issued by the financial intermediaries such as banks but not the central bank
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Home » Business » What is fiat money? A. money issued by financial intermediaries, such as banks, but not the central bank B. money that has value independent of its use as money C. an asset that has the ability to be easily converted into the medium of exchange D.
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