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  1. Dictionary
    fiat money

    noun

    • 1. inconvertible paper money made legal tender by a government decree.

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  2. www.investopedia.com › terms › fFiat Money: What It Is, How It Works, Example, Pros & Cons

    Jul 2, 2024 · Fiat money is a government-issued currency that's not backed by a physical commodity such as gold or silver. Learn how fiat money works, its advantages and disadvantages, and examples of fiat currencies in the U.S. and around the world.

  3. www.financestrategists.com › financial-advisor › fiat-moneyFiat Money | Definition, Purpose, Characteristics, Pros & Cons

    Nov 24, 2023 · Fiat money is a currency issued by a government that is backed by its authority and power rather than a physical commodity. Learn how fiat money works, its advantages and disadvantages, and how it differs from commodity money.

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  5. en.wikipedia.org › wiki › Fiat_moneyFiat money - Wikipedia

    Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver, or backed by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation.

  6. www.businessinsider.com › personal-finance › fiat-moneyFiat Money: Definition, History, and How it Works - Business...

    Jun 14, 2024 · Fiat money is government-issued currency that derives value from people's trust in its issuers. Learn about its origins, pros and cons, and the role of central banks and cryptocurrencies in the future of fiat money.

  7. www.thebalancemoney.com › what-is-fiat-money-5208398What Is Fiat Money? - The Balance

    Nov 3, 2021 · Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver. Learn how fiat money works, see examples of different fiat currencies and explore the pros and cons of alternative systems.

  8. www.nerdwallet.com › article › investingWhat Is Fiat Money, and How Does it Differ from Cryptocurrency?

    Sep 28, 2022 · Fiat money is government-issued currency that derives its value from the decisions of central banks, not from reserves of assets. Learn how fiat money differs from cryptocurrency, which is a decentralized form of digital payment that is not backed by any government.

  9. www.businessinsider.com › personal-finance › investingFiat Money Explained: Definition, History, Pros and Cons, and...

    6 days ago · The term "fiat" is derived from the Latin word meaning an authoritative determination or order. History of fiat money Origins and evolution of fiat money. Fiat money originated in China during the ...

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