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In modern economies[citation needed], commodity money has also been used as a unit of account. A central authority (government) creates a new money object that has negligible inherent value. The first scientific approach visa application to the subject was inaugurated by Aristotle, whose influence visa application is still recognised today by the Austrian School, among others. Use of this term often signals a basic disagreement with the terminology or paradigm of market economics. You can help Wikipedia by expanding it.
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