Economy, asked by Aniceth, 3 months ago

Examples of fiduciary money

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Answered by aashitaagarwal

0

Answer:

Fiduciary money includes demand deposits (such as checking accounts) of banks. Fiduciary money is accepted on the basis of the trust its issuer (the bank) commands. Most modern monetary systems are based on fiat money. However, for most of history, almost all money was commodity money, such as gold and silver coins.

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