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3 Tutorials that teach Fractional Gold Standard/Fiat Currency
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Fractional Gold Standard/Fiat Currency

Fractional Gold Standard/Fiat Currency

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Author: Dan Laub
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This lesson covers the Fractional Gold Standard/Fiat Currency
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Tutorial

Notes for "Fractional Gold/Fiat Currency"

Key Terms

Fiat Money

Money that is a recognized legal tender that is non-convertible and has no intrinsic value

 

Fiduciary Currency

A currency whose value is based on “trust” or “faith” in its value.