fiat money, in a broad sense, all kinds of money that are made legal tender by a government decree or fiat. The term is, however, usually reserved for legal-tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver.
Apr 19, 2024
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Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
Fiat money
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Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton... Wikipedia
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be ...
Feb 23, 2024 · Fiat money is a government-issued legal tender not backed by a physical commodity like gold. It has an unlimited quantity, and its value is ...
Fiat money is a form of currency issued by a government and declared legal tender, though not backed by a commodity.