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Fiat Money Has Value Because the Government Has Declared That

question 172

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Fiat money has value because the government has declared that it can be exchanged for gold or silver.


Definitions:

Depressants

Drugs that diminish activity levels in the nervous system.

Nose Drops

A liquid medication intended for administration in the nose to alleviate symptoms such as nasal congestion.

Tolerance

The process of becoming less responsive to a substance or stimulus after repeated exposure.

Withdrawal

A consequence of drug dependence that occurs when the drug is withheld, such that the person feels strong drug cravings and psychological and medical distress.

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