What is the difference between paper value and real value?

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asked Jun 22, 2017 201k views

2 Answers

James Brooks · Answer 1 · 2017-06-28T14:36:47+0000

The primary difference between paper value and real value is that paper has no "real" value in that the currency is based entirely on faith--whereas real value (as it exists in something like Gold) is intrinsically useful.

What is the difference between paper value and real value?

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