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Commodity money and Fiat money

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Commodity money and Fiat money

Commodity money vs. Fiat money

Commodity money is money whose value comes from a commodity of which it is made. Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.

Similarities between Commodity money and Fiat money

Commodity money and Fiat money have 19 things in common (in Unionpedia): Banknote, Beaver, Bullion coin, Commodity, Copper, Debasement, Deflation, Gold, Gresham's law, Intrinsic value (numismatics), Medium of exchange, Money, Precious metal, Representative money, Seigniorage, Silver, Troy weight, United States, United States dollar.

Banknote

A banknote (often known as a bill, paper money, or simply a note) is a type of negotiable promissory note, made by a bank, payable to the bearer on demand.

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Beaver

The beaver (genus Castor) is a large, primarily nocturnal, semiaquatic rodent.

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Bullion coin

A bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce.

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Commodity

In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

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Copper

Copper is a chemical element with symbol Cu (from cuprum) and atomic number 29.

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Debasement

Debasement is the practice of lowering the value of currency.

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Deflation

In economics, deflation is a decrease in the general price level of goods and services.

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Gold

Gold is a chemical element with symbol Au (from aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.

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Gresham's law

In economics, Gresham's law is a monetary principle stating that "bad money drives out good".

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Intrinsic value (numismatics)

In commodity money, intrinsic value can be partially or entirely due to the desirable features of the object as a medium of exchange and a store of value.

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Medium of exchange

A medium of exchange is a tradeable entity used to avoid the inconveniences of a pure barter system.

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Money

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

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Precious metal

A precious metal is a rare, naturally occurring metallic chemical element of high economic value.

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Representative money

Representative money is any medium of exchange that represents something of value, but has little or no value of its own (intrinsic value).

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Seigniorage

Seigniorage, also spelled seignorage or seigneurage (from Old French seigneuriage "right of the lord (seigneur) to mint money"), is the difference between the value of money and the cost to produce and distribute it.

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Silver

Silver is a chemical element with symbol Ag (from the Latin argentum, derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47.

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Troy weight

Troy weight is a system of units of mass customarily used for precious metals and gemstones.

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United States

The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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United States dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.

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The list above answers the following questions

Commodity money and Fiat money Comparison

Commodity money has 76 relations, while Fiat money has 128. As they have in common 19, the Jaccard index is 9.31% = 19 / (76 + 128).

References

This article shows the relationship between Commodity money and Fiat money. To access each article from which the information was extracted, please visit:

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