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Compare and contrast the terms "Fiat Money" and "Commodity Money".

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AmazingJasiah

Answer:

Commodity money has some intrinsic value due to the content of precious metal it is made up of or backed by, but debasement or increases in precious metal supply can cause inflation.

Fiat money is backed only by the faith of the government and its ability to levy taxes.

Hope this helped you compare and contrast

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