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? asked in Social ScienceEconomics · 3 years ago

What is real money as opposed to fiat currency?

3 Answers

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  • Anonymous
    3 years ago

    Real money is backed up by gold. people can exchange for gold any time. Fiat money has no back up.It depends on in God we trust. The FED and commercial banks called the banking system can create the money supply.

  • Anonymous
    3 years ago

    Fiat currency is what they have in Italy

    America has real money

  • 3 years ago

    Yes.

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