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LekaFEV [45]
3 years ago
7

What is meant by the term fiat money? Define legal tender.

Social Studies
1 answer:
Aleks [24]3 years ago
3 0

Answer:

Fiat money can be: Any money that is not backed by a commodity. Money declared by a person, institution or government to be legal tender, meaning that it must be accepted in payment of a debt in specific circumstances.

Explanation:

Pls, choose me as brainliest!

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