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15 January, 10:48

Which of the following best explains the difference between fiat money and commodity money?

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  1. 15 January, 11:54
    0
    commodity money can be used for some other purpose while flat money can only be used as a medium of exchange

    Explanation:

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  2. 15 January, 12:34
    0
    Fiat money is paper money, when commodity money is made from valuable objects that can be used for trade.
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