On October 19, 1987 (Black Monday) stock prices in Hong Kong began collapsing and spread throughout the day into the Europe and then North America. This is an example of contagion. [TRUE]
The Contagion EffectContagion is a situation which a financial crisis is triggered by financial crisis that occurred elsewhere or in other words from one institution spreads to other institutions (such as a bank one spread to other banks, or a currency/stock market crash in one countries spread to other countries). If the failure of a financial institutions threaten the stability of other institutions then this called systemic risk.
Financial crises arise because of correlations between markets or country so that as a consequence there is attention that increased in contagion which is broadly defined as transitions from shocks between markets or countries.
According to Yang (2004) contagion is a phenomenon when a financial crisis that occurs in a country will trigger financial crises in other countries. There is more than one definition that can explain the contagion effect, the World Bank has three definition, namely:
1) Contagion in the broadest sense is surprise
transmitted across national borders, or mutual influence between countries. Contagion can occur under normal conditions or crisis.
2) Transmission of a shock across national borders
or in general the occurrence of a significant correlation between countries that occur outside some fundamental channels.
3) Connecting contagion with a phenomenon when
the correlation between countries increased during the crisis period compared to the correlation in the economic period normal.
Based on this definition, there are four criteria
can be used to detect whether there is a contagion effect, that is based on the correlation of asset prices, conditional probability of currency crises, the transmission of changes in volatility and movement of capital flows
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Write a comprehensive note on Songhai empire.
The Songhai Empire was a West African state that flourished in the 15th and 16th centuries. It was located in what is now modern-day Niger, Mali, and Burkina Faso, and it controlled a vast territory that extended from the Atlantic coast to the Niger River. The Songhai Empire was founded by the Sonni dynasty, which came to power in the 14th century and established its capital at Gao, a city located on the Niger River.
During the 15th and 16th centuries, the Songhai Empire reached its peak of power and prosperity under the leadership of three great rulers: Sonni Ali, Askia Muhammad, and Askia Dawud. Sonni Ali, who ruled from 1464 to 1492, was a brilliant military strategist who expanded the empire's territory through a series of successful wars. He also made Gao a center of trade and learning, attracting scholars from across West Africa.
Askia Muhammad, who ruled from 1493 to 1528, was known for his religious tolerance and his efforts to centralize the government. He also promoted the spread of Islam throughout the empire, establishing schools and mosques throughout the region.
Askia Dawud, who ruled from 1549 to 1582, was a patron of the arts and sciences and made Gao a center of scholarship and learning. He also established a system of government that was based on Islamic law, which ensured that justice was administered fairly and evenly throughout the empire.
The Songhai Empire was a major economic power in West Africa, and it played a key role in the trans-Saharan trade that linked West Africa to North Africa and the Mediterranean. The empire's wealth was based on trade in gold, salt, and other valuable commodities, and it was also known for its sophisticated system of government and its cultural achievements.
However, the Songhai Empire eventually declined and collapsed in the late 16th century due to internal conflict and external pressure from European powers. Despite its decline, the Songhai Empire left a lasting legacy in West Africa and continues to be remembered as one of the greatest empires in African history.
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in 1937, president roosevelt announced that if a nation were to try and purchase military goods from the united states, they should expect to
In 1937, President Roosevelt announced that if a nation were to purchase military goods from the United States, you should pay for the items in cash and hope to find a way to bring them back to your country.
What are Roosevelt's three main goals?When he became president, he came to the White House with a plan. The New Deal had his three goals: relief, recovery and reform. Relief meant the president wanted to immediately help those in crisis by creating jobs, bread lines, and welfare.
What was Roosevelt's solution to the 1937 recession?The recession ended after the Federal Reserve lowered its reserve requirements. The Treasury Department ceased sterilizing the money flow and unsterilized all remaining gold that had been sterilized since December 1936, and the Roosevelt administration began pursuing an expansionary fiscal policy.
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Why do you think it is important to notice if the content of an article (including headings, word
choice, etc.) provides you with information or opinions?
Whether you must reference secondary sources of data in a paper depends on its topic and goal. Choose the sources that you believe are also most likely to
Definition of secondary sourcesThe definition of secondary sources Secondary sources, unlike firsthand reports, are assessments, analyses, or representations of events or subjects based on firsthand experiences. Primary sources, on the other hand, were made by those who were directly involved; secondary ones were not.
What do primary sources and secondary sources mean?You get immediate access to your study's subject thanks to a primary source. Secondary sources give information that is secondhand and perspectives from other researchers. Examples include journal articles, scholarly publications, and review pieces. An analysis, synthesis, or description of primary sources can be found in secondary sources.
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Which of these is not included in the First Amendment?
A. Freedom to vote
B. Freedom of speech
C. Freedom of religion
D. Freedom to assemble
Answer: Freedom to vote
Explanation not included.
of the following options best summarizes why American colonists separated from Great
Britain?
A. The colonists were unhappy with life in Great Britain because there were few jobs and
low wages.
B. The colonists struggled to communicate with Great Britain because of the distance
between the two countries.
C. The colonists wanted to expand their territory further into North America, but Great
Britain forbade them from doing so.
D. The colonists were unhappy under British rule because they had little power and
representation in Great Britain's government.
Americans wanted to make sure that they would never again be taxed without representation since they were exceedingly unhappy living under British rule.
Why did America secede from Britain?They fought the British because of their excessive taxation. They clashed because they lacked self-government. They were a part of Britain when the American colonies were founded. For colonies, Britain raised levies on daily essentials like tea that they bought and consumed.
Why did some American colonists demand independence?The colonists no longer desired to follow English traditions. The colonial government's backing from Britain was terminated. Without their permission, taxes were being levied against the colonists. Unfair trade regulations had been enforced by Britain.
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Answer:
B. The colonists struggled to communicate with Great Britain because of the distance
between the two countries
Explanation:
Which country Colonised the most?
Alexander Hamilton scans the future (1787)
Write 3-4 sentences, a well formed paragraph to respond to each question.
1. Why would the rich be favorable (supportive) to the new instrument (Constitution)?
2. Why would the poor and the states' righters be unfavorable to the new instrument (Constitution)?
Answer:
Explanation:
The rich would be favorable to the new instrument (Constitution) because it protected their wealth and property. The Constitution included provisions that ensured that debts and contracts would be honored, which would benefit those who had accumulated wealth and had entered into financial agreements. Additionally, the Constitution established a strong central government that could effectively regulate trade and commerce, which would benefit those with business interests.
The poor and the states' righters would be unfavorable to the new instrument (Constitution) because they saw it as a threat to their interests. The poor may have been concerned that the Constitution would not adequately address their needs or protect their rights, and they may have feared that it would strengthen the power of the wealthy at their expense. States' righters may have opposed the Constitution because it established a strong central government that could potentially encroach on the powers and autonomy of the states. They may have viewed the Constitution as a threat to their sovereignty and independence.
In the years before the Civil War, slaves accounted for 40% of the population in East or west Tennessee ?
Answer:
275,719 Thats your answer
What is one major criticism of globalization?
A. It can lead to job losses in some industries.
B. It can force governments to lower tax rates.
C. It can isolate countries from one another.
D. It can lead to major conflicts and wars.
4
A. It can lead to job losses in some industries.
One major criticism of globalization is that it can lead to economic inequality, as the benefits of globalization are often disproportionately enjoyed by large corporations and wealthy individuals, while low-skilled workers and small businesses may be hurt by increased competition and outsourcing.
Globalization can also lead to cultural homogenization, as local cultures and traditions may be replaced by more dominant global cultures. In addition, globalization can lead to environmental degradation, as the pursuit of economic growth often takes precedence over environmental concerns.
Finally, globalization can lead to a loss of political and economic sovereignty for some countries, as they become more dependent on international trade and investment.
Which of the following groups would have been most likely to support the author's views expressed in the excerpt? answer choices. Loyalists. Federalists.
Loyalists would have been most likely to support the author's views expressed in the excerpt.
Loyalists were colonists of the Thirteen Colonies who remained loyal to the British Crown during the American War of Independence and were often called conservatives, royalists, or royalists at the time. Loyalists wanted to engage in peaceful forms of protest because they believed that violence begets violence or tyranny. They also believed that independence would mean losing the economic benefits of membership in the British trading system.
Believers were from all walks of life. Before 1774, the American colonists were divided into two camps: Patriots and Loyalists. Hot-headed patriots like the Sons of Liberty wanted to get rid of British rule at any cost. While loyalists resisted full revolution either through stubborn loyalty to the crown or simple pragmatism.
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This author of prose works such as Epistolae Familiares, Prolusiones Oratoriae, and A Brief History of Moscovia also wrote a Latin dictionary. Usually dictating to his daughters, he wrote many works in Italian, including L’Allegro and Il Penseroso.
John Milton, author of prose works such as Epistolae Familiares, Prolusiones Oratoriae, and A Brief History of Moscovia also wrote a Latin dictionary. Usually dictating to his daughters, he wrote many works in Italian, including L’Allegro and Il Penseroso.
John Milton (1608–1674), author of Paradise Lost and other works, was an English poet. He was born in Bread Street, Cheapside, London, on the 9th of December 1608. Milton’s Parents and Early Life. His father, known as Mr John Milton of Bread Street, scrivener, was himself an interesting man. He was a native of Oxfordshire, the son of a Richard Milton, yeoman of Stanton-St-John’s, one of the sturdiest adherents to the old Roman Catholic religion in his district, and was educated at Christ Church, Oxford, where he turned Protestant.
John Milton was an English poet and intellectual. His 1667 epic poem Paradise Lost, written in blank verse and including over ten chapters, was written in a time of immense religious flux and political upheaval. It addressed the fall of man, including the temptation of Adam and Eve by the fallen angel Satan and God's expulsion of them from the Garden of Eden. Paradise Lost is widely considered one of the greatest works of literature ever written, and it elevated Milton's widely-held reputation as one of history's greatest poets.
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the auto workers who participated in the 1936-37 strike at general motors were concerned about their safety but continued to protest the company's refusal to
The auto workers who participated in the 1936-37 strike at general motors were concerned about their safety but continued to protest the company's refusal to leave the factory.
The 1936–1937 Flint sit-down strike, also known as the General Motors sit-down strike, the great GM sit-down strike, and so on, was a sitdown strike at the General Motors plant in Flint, Michigan, United States. It changed the United Automobile Workers (UAW) from a collection of isolated local unions on the fringes of the industry into a major labor union, and led to the unionization of the domestic automobile industry.
The Flint sit-down strikers set up their own civil system within the strike. A mayor and other civic officials were elected by the workers to maintain order within the plant. Departments included Organized Recreation, Information, Postal Service, and Sanitation.
All rules were enforced by what was called a "Kangaroo Court" by the workers. Any person who broke the rules was given a trial, and punishments ranged from washing dishes to expulsion from the plant.
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explain one similarity between the trade in the Indian ocean networks before the arrival of the Portuguese and the trade after their arrival
A similarity observed before and after the arrival of the Portuguese was that maritime trade was the predominant mode of trade.
Trade in the Indian Ocean:
Managed by Muslims who can sail very wellcarried out extensively via various routesessentially adopted by the PortugueseWhat was the Indian Ocean trade network like before the Portuguese invasion?By the 15th century, the major ports of the vast Indian Ocean trade network were largely under Muslim rule. Muslim traders spread far and wide from Arabia and established trading communities throughout Africa, India, Sri Lanka, Indonesia and Southeast Asia.
How did Indian Ocean trade change after contact with Portugal?In , the Portuguese forcibly changed and influenced the maritime trading system in the Indian Ocean. They conquered trading cities, destroyed Muslim merchant ships, and collected taxes to make way. The Portuguese now rule the area and are very wealthy.
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the lewis and clark expedition trekked out to the mexican cession territories to survey, catalog, and report on just exactly what the federal government had just won in the war with mexico in 1848.
The Lewis and Clark expedition set out for the Mexican Cession areas with the intention of measuring, cataloguing, and documenting precisely what the United States had just accomplished in its war with Mexico in 1848.This statement is false.
What exactly was the Lewis and Clark Expedition?In 1803, France sold Louisiana to the United States. Americans knew nothing about the vast area of territory west of the Mississippi River; therefore, it needed to be explored before it could be populated. President Jefferson then sent an exploratory voyage west, and he chose Meriwether Lewis, his personal secretary, as the mission's commander in charge of organizing the expedition and locating qualified scouts. Lewis asked William Clark, his old Army senior officer, to serve as his co-commander. This expedition was later called "the Lewis and Clark Expedition."
The expedition of Lewis and Clark had nothing to do with the Mexican Cession territories. Hence, the statement is false.
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President Nixon resigned the office of the presidency in 1974, in the wake of the Watergate scandal and cover-up. True. or false
The answer is True
Between 1972 and 1974, President Richard Nixon's administration was embroiled in the massive political scandal known as "Watergate," which forced Nixon to resign. The scandal was caused by the Nixon administration's persistent efforts to hide its role in the June 17, 1972, break-in at the DNC headquarters at the Watergate Office Building in Washington, D.C.
48 defendants—many of them high-ranking Nixon administration officials—were found guilty after 69 defendants were indicted. The term "Watergate" came to refer to a variety of covert and frequently unlawful actions taken by Nixon administration officials, including bugging the offices of political rivals and individuals who Nixon or his officials were suspicious of, ordering investigations into activist organisations and political figures, and using the Federal Bureau of Investigation, the Central Intelligence Agency, and the Internal Revenue Service as political weapons. Since then, adding the suffix "-gate" to an identifying term has come to mean public controversy, particularly political scandal.
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HELP ME GUYS!!! What was the first major sign of an active policy of the German government against Jewish people?
A. Nuremberg Laws
B. Wannsee Conference
C. Evian Conference
S. Final Solution
Answer:
Nuremberg Laws
Explanation:
I'm sure this is correct. The Final Solution was wrong! Do not choose it!
Try going with the Nuremberg Laws.
Hope this helps,
Have a wonderful rest of your day!
The holocaust was the only genocide event in History. After the Geneva Convention, there is no longer a concern for another to occur.
True or false?
Answer:
False
Explanation:
False. The Holocaust was not the only genocide event in history. The term "genocide" was coined in 1944 to describe the systematic extermination of the Jewish people by the Nazis during World War II. However, there have been numerous other instances of genocide throughout history, including the Armenian Genocide, the Rwandan Genocide, and the ongoing genocide against the Rohingya people in Myanmar.
Furthermore, the existence of the Geneva Convention, which is an international treaty that seeks to protect the rights of individuals during times of war, does not guarantee that there will never be another genocide. The Convention sets out certain legal obligations and standards for the protection of individuals during times of armed conflict, but it cannot prevent all instances of genocide.
In summary, the statement "The Holocaust was the only genocide event in history" is false, and the statement "After the Geneva Convention, there is no longer a concern for another genocide to occur" is also false.
13. How many of Europe's Jews were killed by Nazi's "Final Solution"?
Answer: It is estimated that six million Jews were killed by the Nazis during the Holocaust as part of the "Final Solution".
Explanation:
What strategies did slaves employ to resist, revolt, and sustain their own independent communities and cultures? How did slaves use white southerners’ own philosophies—paternalism and Christianity, for example—to their advantage in these efforts?
Here are the strategies slaves used to resist, rebel, and maintain their own communities and cultures is nurture mutual friendships and family ties.
The slaves used white Southerners' own philosophies, such as paternalism and Christianity, to their advantage in this effort by: Mixing Christian Songs and African Songs .From the questions given, it can be seen that African slaves did their best to preserve their culture and make it unforgettable in the midst of another culture.As a result, these African slaves were able to forge friendships and family ties, preserving their culture and traditions by mixing the Christian songs they were taught with African songs.What steps did slaves take to oppose slavery?Many people opposed slavery in a variety of ways, with varying degrees of intensity and methodology. Less visible methods of resistance included behaviors such as pretending to be sick, working slowly, shoddy work, and misplacing or damaging tools and equipment.
How did slaves use guardians to their advantage?Slaves often used the concept of paternalism to their advantage and found opportunities within this system to engage in resistance and gain some degree of freedom and autonomy. For example, some slaves complicit in their master's racism by hiding their intelligence and feigning childishness and ignorance.
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What was one major element of John Quincy Adams's preferred foreign
policy?
OA. Ensuring that the United States had the world's largest military
B. Separating the United States from other nations to avoid foreign
issues
C. Supporting foreign democracies without fighting alongside them
D. Refusing to support any country ruled by a dictator or monarch
Answer: C
Explanation: John Quincy Adams's preferred foreign policy was centered around the idea of America remaining neutral in the conflicts and disputes of other nations. He believed that the United States should avoid entangling alliances and focus on building up its own strength and prosperity. He also emphasized the importance of maintaining good relations with other countries, particularly through diplomacy and trade.
The _____ quickly developed a distinctive Romanesque architecture style that became the major source of French Gothic architecture.
Group of answer choices
Normans
English
Sicilians
Florentines
The Normans quickly developed a distinctive Romanesque architecture style that became the major source of French Gothic architecture.
Who were Normans?The Norse Viking settlers mixed with the local West Franks and Gallo-Romans to become the Normans, a population that emerged in the medieval Duchy of Normandy.
The phrase is also used to refer to emigrants from the duchy who conquered nations like Sicily and England.
The Norse settlements in West France came after a series of invasions, mostly from Denmark but also from Norway and Sweden, on the French northern shore.
Following the siege of Chartres in 911, Rollo, a Scandinavian Viking leader, decided to swear fealty to King Charles III of West Francia, giving these settlements their final stamp of approval.
In the first part of the 10th century, the mingling in Normandy led to the emergence of an ethnic and cultural "Norman" identity.
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In at least 250 words, make a claim as to whether or not becoming an imperial power was more beneficial or detrimental (harmful). Consider viewpoints from pro and anti-American imperialists and Cubans and Filipinos: Primary voices can include Theodore Roosevelt, Josiah Strong, William Sumner, Henry Cabot Lodge, Emilio Aguinaldo, Jose Marti.
please help
1815. Napoleon met his final defeat ; Island of Elba. Napoleon died on this island ; Charles X · The July revolution forced this king to flee to England ; Consulate.
Napolean met his final defeat in 1815 and he was died on Island of Elba. Charles X ensured to the July revolution that was forced to the king to flee to England.
Napolean was a French military Commander and also good political leader. He played major role in the French Revolution in 1789-99 and served as a first consul and also the first empror of France.
Napolean was so genius because he controlled every detail of the battlefield with an attack based formula playing against the enemy's weakness. Naploean was Defeated by the Duke of Wellington and also the end of Napolean era from European history.
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president nixon claimed that he had the right to protect the privacy of conversations, which led to a constitutional conflict over taping phone conver
The correct option is A ; PUCL case , The Representation of People Act of 1951, according to the People's Union of Civil Liberties (PUCL), infringed the right to freedom of speech since it did not sufficiently preserve secrecy while recognising the choice to not vote.
In order to protect the national interest and retain the confidentiality of discussions inside the executive branch, Nixon claimed that the idea of executive privilege allowed him the authority to withhold sensitive material, such as the tapes, from other government branches.
The Nixon White House recording system's history Haldeman, Nixon ordered the system to be taken down, but in his first two years in office,
he came to the opinion that audio recordings were the only way to guarantee a complete and accurate account of discussions and conclusions (after attempting alternative methods).
President Nixon invoked executive privilege, claiming the authority to maintain the confidentiality of discussions, resulting in a constitutional disagreement over...
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Full Question ;
president nixon claimed that he had the right to protect the privacy of conversations, which led to a constitutional conflict over taping phone conver
A PUCL case
B LED Cover
C Starlight Cover
D Mood light LED
what is the purose of NATO
Answer: Its purpose was to secure peace in Europe, to promote cooperation among its members and to guard their freedom – all of this in the context of countering the threat posed at the time by the Soviet Union. The Alliance's founding treaty was signed in Washington in 1949 by a dozen European and North American countries.
ANSWER PLEASEWhich of the following countries entered World War I the last?
A. Great Britain
B. Russia
C. Italy
D. United States
Answer:
United States
Explanation:
yes
"My purpose was
to see if the shameful facts, spread out in all their shame, would not burn through our civic
shamelessness and set fire to American pride."
According to Steffens, what was the purpose of muckraking journalism?
• to encourage people to buy fewer newspapers
O to encourage people to become muckraking journalists themselves
• to encourage people to rise up against their government
O to encourage people to take action against widespread corruption
Answer:
to" (and any subsequent words) was ignored because we limit queries to 32 words.
The differences in the economic development of the mid-Atlantic (Middle Colonies), New England, and Southern colonies can BEST be attributed to the...
Answer: Geographic Conditions There
The differences in the economic development of the mid-Atlantic (Middle Colonies), New England, and Southern colonies can BEST be attributed to the Geographic Conditions there.
Three significant geographic areas in the British colony of North America stood out throughout the colonial period. These were Southern Colonies, New England and Mid-Atlantic.
The climates in these three areas were diverse. For instance, the climate in the south was more suited for growing major crops like cotton, sugar cane, and other goods.
The main economic activity in the Mid-Atlantic colonies, meantime, was industry and the exploitation of natural resources. This made it possible for cities to expand and for immigrants to come here to work.
Contrarily, as the climate of New England was unsuitable for growing crops, economic activity there were concentrated on handicrafts and woven goods.
Therefore, the differences in the economic development of the mid-Atlantic (Middle Colonies), New England, and Southern colonies can BEST be attributed to the Geographic Conditions there.
Your question is incorrect but most probably your full question was
The differences in the economic development of the mid-Atlantic (Middle Colonies), New England, and Southern colonies can BEST be attributed to the
A. contributions of immigrants
B. geographic conditions
C. level of the education of the colonist
D. differences in their colonial governments
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1 . holistic
began training ethnographers
2 . branislaw malinowski
study every aspect of culture
3 . ethnocentrism
evaluating a culture from the native's point of view
4 . culturally relative
comparing things among various societies
5 . noble savage
believing one's own culture is superior to others
6 . comparative method
seeing a primitive culture as superior to one's own
1 . Holistic - study every aspect of culture.
2 . Branislaw Malinowski - began education ethnographers
three . Ethnocentrism - believing one's personal way of life is advanced to others
4 . Culturally relative - evaluating a subculture from the local's point of view
five . Noble savage - seeing a primitive subculture as advanced to one's own
6 . Comparative method - comparing things among numerous societies
way of life is precise to a people. it's far their manner of existence and is probably shaped by positive environmental and ideological elements.
lifestyle may be visible within the manner people get dressed, the shape of food they eat, how they worship, their morality and values. it is interesting to observe the tradition of others.
while someone gets to a brand new surroundings, they may ought to investigate the cultures of others to adapt.
Conclusively, lifestyle is the humans's way of existence.
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Arcade tokens and game tickets only have value because they are able to be exchanged for prizes in the arcade. This makes them - Answer F representative money G commodity money H fiat money J currency
Answer: fiat money
Explanation:
Arcade tokens and game tickets only have value because they are able to be exchanged for prizes in the arcade. This makes their fiat money. Thus, option 'C' is the correct option.
What is fiat money?A sort of currency known as fiat money is one that a government has legalized but does not have any inherent or fixed value and is not backed by any actual object, such as gold or silver. The government that creates fiat currency guarantees its value, and it has the power to regulate the amount of money in circulation in reaction to changes in the economy.
Most major currencies, including the Euro and the United States Dollar (USD), are fiat money. Commodity money, which is backed by a real asset, is the primary substitute for fiat money. For instance, a certain quantity of gold is used to back the USD, and individuals could exchange one for the other.
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