Monetary

Monetary system – Wikipedia

A monetary system is the set of institutions by which a government provides money in a country’s economy. Modern monetary systems usually consist of the national treasury, the mint, the central banks and commercial banks.[1]

Commodity money system[edit]

A commodity money system is a monetary system in which a commodity such as gold or silver is made the unit of value and physically used as money. The money retains its value

because of its physical properties. In some cases, a government may stamp a metal coin with a face, value or mark that indicates its weight or asserts its purity, but the value remains the same even if the coin is melted down.

Commodity-backed money[edit]

One step away from commodity

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