Question Details

	Username: LuckyMan Rating: Asked to: Talitha Taslim Date Created: 15 Jul 2016
Category	28
Tag	Financial
Question	What is 'Hard Money'?

Advice from Guru

Hello LuckyMan,

Hard money consists of funding by a government or organization that is repetitive, rather than a one-time grant. Examples include ongoing government daycare subsidies or firms that pay annual scholarships to post-secondary students.

2. Describes gold/silver/platinum (bullion) coins. A government that uses a hard money policy backs the value of the currency it uses with a hard, tangible and lasting material that will retain its relative value over time.

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