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phemex fiat currency vs. cryptocurrency quiz answers

Are fiat currencies backed by commodities like gold Phemex?

26 March 2022 Enpatika.com Genel

Fiat currency is any money issued by a government or central bank and not backed by a commodity such as gold . Fiat currencies derive their value from the trustworthiness and stability of the governments supporting them, along with the laws of supply and demand.

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