traditional sovereign money such as US dollars and Zimbabwe dollars..? Can we just call it a fiat currency , forceD by the government Money?.
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traditional sovereign money such as US dollars and Zimbabwe dollars..? Can we just call it a fiat currency , forceD by the government Money?.
Traditional economists call it sovereign currencies, cryptocurrency and gold money advocates usually call it fiat currency. I often flip back and forth between the terms, they both make valid statements about the nature of government money.