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Paper dollars

a. are commodity money and gold coins are fiat money.
b. and gold coins are both fiat monies.
c. and gold coins are both commodity monies.
d. are fiat money and gold coins are commodity money.

1 Answer

2 votes

Answer:

d. are fiat money and gold coins are commodity money.

Step-by-step explanation:

Fiat money is by definition the money whose value is imposed by the state (not real commodity in itself, just paper with state imposing its value) and is the international reference for trading, like the US dollar (or maybe euro or yen). Commodity money are actual commodities used as money, like gold (could be also silver)

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