21.02.2010 Public by Meztisho

Term paper for money

Fiat money is a currency without intrinsic value that has been established as money, often by government teketo.dev.loba.pt money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value. It was introduced as an alternative to commodity money and representative money.

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21:34 Samull:
Maybe the government tries price controls, but that would just create shortages and a huge black market that paid no taxes. The increase in money led to a stock bubble.

11:15 Daikinos:
Although the notes were valued at a certain exchange rate for gold, silver, or silk, conversion was never allowed in practice. The high satisfaction rate is set by our Quality Control Department, which checks all papers before submission.

17:26 Dugis:
Here are some of the questions we get every day: It therefore has an intrinsic value which considerably exceeds its fiat value.