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to introduce a thing as currency, e.g., [silver], gold, copper. In nearly all cases, when something has been monetized, it is legal tender and debtors are legally obligated to accept it as payment for debt. Debt can also be monetized. A [government] can either buy the debt of companies whose growth it favors as a matter of policy (as in pre-[War] Japan) or permit its own bonds to be be used as banking reserves (for the creation of money).
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