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What is Fiat Money? by Orrin Woodward

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Society developed money to make trade between its members easier. Real money is simply the most marketable commodity within a society. Indeed, the most marketable commodity is in high demand and is generally accepted by all parties within society. Consequently, over time, the most marketable commodity becomes the preferred medium of exchange which is just […]

from Orrin Woodward Leadership http://ift.tt/1NBe65w



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