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Skyler
11 August, 07:09
What type of money did this economy use?
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Owens
11 August, 10:43
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Commodity money relies on intrinsically valuable commodities that act as a medium of exchange. Fiat money, on the other hand, gets its value from a government order ... And commercial bank money can be described as claims against financial institutions that can be used to purchase goods or services.
Explanation:
The four most relevant types of money are commodity money, fiat money, fiduciary money, and commercial bank money.
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