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Explain why capital and fiat money are not perfect substitutes and discuss what this implies for the rate of return on capital relative to the

Explain why capital and fiat money are not perfect substitutes and discuss what this implies for the rate of return on capital relative to the rate of return on fiat money

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Capital and fiat money are not perfect substitutes due to several key differences in their characteristics and functions Intrinsic Value Capital typic... blur-text-image

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