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What is a nuanced, less-discussed consequence of modern economies transitioning to fiat money? a. It subtly shifted the dynamics of international trade, as currencies were
What is a nuanced, less-discussed consequence of modern economies transitioning to fiat money? a. It subtly shifted the dynamics of international trade, as currencies were no longer tied to specific commodity reserves, influencing trade balances. b. The transition to fiat money subtly influenced fiscal policy strategies, as governments gained more flexibility in managing economic cycles. c. The adoption of fiat money facilitated nuanced changes in the public's perception of money's value, affecting consumer confidence and spending habits. d. It led to the development of more intricate monetary policy tools, allowing central banks to respond more dynamically to economic fluctuations
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