paper money is actually circulating debt of the fdic and has little intrinsic value.

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20-12-2022
Business

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paper money is actually circulating debt of the fdic and has little intrinsic value.

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sohamnaik sohamnaik · Answer 1 · 2022-12-23T13:06:15-05:00

Paper money is basically the FDIC's circulating debt and has no inherent value.

Paper money is a country's official paper currency that is used in transactions to purchase goods and services. In order to manage the flow of cash in conformity with monetary policy, a country's central bank or treasury often regulates the printing of paper money. Paper money is frequently updated with new versions that include security measures and make it more difficult for counterfeiters to produce unauthorized reproductions. Shares are ownership units in a firm that allow the shareholder to an equal share of any earnings.

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