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Sound Money

   Also found in: Wikipedia 0.01 sec.
Sound Money
A somewhat polemical term for a currency backed by a tangible commodity such as gold, silver or platinum. Sound money has an intrinsic value, but is more susceptible to deflation than fiat money. Many countries used sound money throughout most of their histories; however, most countries today use fiat money and have since the United States left the Bretton Woods System in the 1970s. The term "sound money" is often used by those who favor its reintroduction. The more common term is hard money.


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Aa Also, Lebanon ranked in first place on the Access to Sound Money category, which measures the extent that a nation's currency is sound and holds its value over time.
Savings are always a good thing, particularly so when you are saving sound money.
 
 
 
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