Economy, asked by sangeetabaliarsingh, 5 months ago

the value of flat money arises from

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Answered by MissPinki07

1

Answer:

While early currency derived its value from the content of precious metal inside of it, today's fiat money is backed entirely by social agreement and faith in the issuer. For traders, currencies are the units of account of various nation states, whose exchange rates fluctuate between one another...

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