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Money whose value derives from government decree is called _____
Money whose value derives from government decree is called _____.
a.
Fiat.
b.
Renault.
c.
Puegot.
d.
Chrysler.
Expert Solution
a. Fiat is the right answer. Fiat money is what it is called. The word Fiat here means a formal authorization or proposition; a decree.
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