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Edit. Another specific advantage of fiat money is that it is more practical than commodity money. Fiat money is also very flexible and can be used in the payment of a variety of amounts, large and small. The Fed reports several different measures of money, including M1 and M2. Edit. jfox_78757.

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B a unit of account. C a store of value. D fiat money. E commodity money. 3. Fiat money is quizlet" Keyword Found Websites Listing Keyword-suggest-tool.com DA: 28 PA: 30 MOZ Rank: 72 Quizlet .com Disadvantage: fiat money is only acceptable as long as households and firms have confidence that if they accept paper dollars in exchange for goods and services, the dollars won't lose much value during the time they hold them.-If people stop "believing" in the fiat money , it … 2 days ago Fiat money is quizlet.

gold standard debate has been doing the rounds for quite a while. The Buzzle write-up below explains the differences between the two. “The undermining of fiat money has been going on for over 40 years, and this has led to a lower standard of living, undermined social trust, and given far more power to the government.

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B a unit of account. C a store of value. D fiat money. E commodity money. 3.

An easy-to-use online and mobil You may think that a penny isn’t worth much, so it’s easy to overlook. The fact of the matter is that a penny is already worth more than it’s worth because it cost 1.82 cents to make a one-cent piece these days.
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Learn vocabulary, terms, and more with flashcards, games, and other study tools. Start studying Money. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Fiat money is currency that a government has declared to be legal tender , but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and M2 (near money): Consists of all t he assets in M1 plus several additional assets. These additional M2 funds cannot be used as cash directly, but can be converted to cash fairly easily. M2 assets are also called near money.