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17 May, 10:42

The US Dollar is currently a "Fiat" Currency. This means the Dollar has value because the government declares it to have value. What phenomena does this explain?

A. The Market Value of the Quarter being higher than a $20 bill, yet the $20 being worth more.

B. The Intrinsic Value of the Quarter being higher than a $20 bill, yet the $20 being worth more.

C. The Facial Value of the Quarter being higher than a $20 bill, yet the $20 being worth more.

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  1. 17 May, 13:47
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    B. The Intrinsic Value of the Quarter being higher than a $20 bill, yet the $20 being worth more.
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