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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1869 |
Essay's paper body
Such money is said to be fiat money. Fiat money does not have any intrinsic value as a commodity and is essentially a debt of the government or bank. Like any other debt from a creditworthy borrower, these IOUs are assets to those who hold them. Thus these evidences of debt are usually well suited and widely used to settle accounts...
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Thus these evidences of debt are usually well suited and widely used to settle accounts. The fact that the note can be transferred to others makes it perfect for effecting private exchanges. Consequently, Federal Reserve Notes and other paper money are unbacked IOUs. The fact that they are IOUs is the very thing that makes them suitable to be money...
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General points of the essay
The Money
CHANGES IN THE VALUE OF MONEY
Federal Reserve Bank Changing Money Supply
Fiat Stilo
Fiat Swot
fiat india
It'S Not Really The Money:
Is there enough money to go around?
Getting By With More Than Money
How to Beg for Money
Time Value of Money and Risk Analysis
American Culture: Money! Money! Money!
Money
Some people think that governments should spend large amounts of money to explore outer space. Others think that this money should be used to improve life on earth
Value Of Money
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