A $20 bill in Canada is an example of:

Name: A $20 bill in Canada is an example of:
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A $20 bill in Canada is an example of fiat money because it has value as legal tender by government decree, not because it's backed by a physical commodity. It's also token money, as its physical value is less than its face value. Additionally, it serves as a medium of exchange, facilitating transactions in the economy.

A $20 Bill in Canada Is an Example Of