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23 July, 06:40

Why do most nations use fiat money today?

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  1. 23 July, 08:14
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    Most nations use fiat money today because it has no value and is only used for the purpose of making the payment. Unlike in the past, they used different means of payment like gold or silver which has a value. Fiat money does not need to be redeemed and it can be directly used for making purchases.
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