III write in detail
1. elaborate upon the recent forms of money
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35
Explanation:
elaborate upon the recent form of money in detail
Answered by
37
Answer:
Money comes in three forms: commodity money, fiat money, and fiduciary money. Most modern monetary systems are based on fiat money.
Commodity money derives its value from the commodity of which it is made, while fiat money has value only by the order of the government.
Money functions as a medium of exchange, a unit of account, and a store of value.
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