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10 cards from this deck
Digital money existing only in electronic form
Protects transactions by scrambling info into secret code
Traditional money like rands, dollars, or pounds
Must be accepted as payment for goods and services
Central: gov controls. Decentral: no single authority
Physical assets like gold or country's economic strength
Finite - limited amount can ever be created
2008
800 USD to 13,000 USD (1,525%1,525\%1,525% increase)
Reserve Bank and government
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