Question
What is the difference between commodity money and fiat money? Why do people accept fiat currency in trade for goods and services? (6 marks)
What is the difference between commodity money and fiat money? Why do people accept fiat currency in trade for goods and services? (6 marks)
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
