Private money differs from official money in that private money ________.

Name: Private money differs from official money in that private money ________.
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Question

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Private money can consist of assets such as stocks and rare metals, unlike official money which is issued by the government and generally not tied to physical assets. Private money can be used for commercial transactions but may have limited legal tender status and cannot be used to pay off taxes or debt obligations.

Private Money Differs from Official Money in That Private Money