GOLD 0.51% $1,391.7 gold futures

Fiat currency as a means of exchange has no value of itself,...

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    Fiat currency as a means of exchange has no value of itself, rather represents the value-in-exchange of the goods traded in a transaction which it facilitates.

    Fiat currency as a store of value represents the deferment of consumption. Again, it holds no value of itself but represents the value-in-exchange of goods in a two-dated transaction.
 
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