A system in which money is issued by the government and its value is based uniquely on the public's faith that the currency represents command over goods and services is the

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A fiduciary monetary system is a system where the government issues money and its value is based on trust (or faith) in the currency rather than being backed by a physical commodity such as gold. In this system, the public has confidence that the money they hold can be exchanged for goods and services. This type of system relies heavily on the trust of the public in the government and its ability to maintain a stable economy.

A System in Which Money Is Issued by the Government