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All That Is Required for Fiat Money to Circulate Successfully

question 23

True/False

All that is required for fiat money to circulate successfully in an economic system is for the government to declare that it is legal tender.


Definitions:

Legitimate

This term refers to something that is lawful, genuine, or justifiable.

Online Poll

A survey conducted over the internet where participants provide their responses to questions or polls online.

News Source

An origin from which news is obtained, including newspapers, television, websites, and other media outlets.

Probability

A quantification representing the probability of an event's occurrence, expressed as a number from 0 to 1.

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