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timurjin [86]
3 years ago
8

why is paper currency considered flat money ? A) it is backed up with gold and silver deposits B) it has value because people wi

ll accept it in exchange for a good or service C) it is easy to carry and transfer
Social Studies
2 answers:
motikmotik3 years ago
8 0

Answer:   B) it has value because people will accept it in exchange for a good or service

Explanation:

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it.

Via. Investopedia

SVEN [57.7K]3 years ago
3 0

Answer:

it has value because people will accept it in exchange for a good or service

Explanation:

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