In a ..... money system, money is not backed by a physical commodity like gold; instead, the only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it.

In a ..... money system, money is not backed by a physical commodity like gold; instead, the only thing that gives the money value is its relative scarcity and the faith placed in it by the people that use it. (*) barter (*) fiat (*) paper (*) tender


This is a companion discussion topic for the original entry at https://english.best/questions/9714,in-a-___-money-system-money-is-not-backed-by-a-physical-commodity-like-gold-instead-the-only-thing-that-gives-the-money-value-is-its-relative-scarcity-and-the-faith-placed-in-it-by-the-people-that-use-it/