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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 is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. Learn how fiat money works, its advantages and disadvantages, and some examples of fiat currencies in the U.S. and around the world.

  3. 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.

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  5. 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, how it is created, and what are its advantages and disadvantages compared to commodity money.

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

    Jun 14, 2024 · Fiat money is currency backed by the government that issued it and isn't tied to a commodity such as gold. Learn about its origins, pros and cons, and the role of central banks in regulating it.

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

    Apr 30, 2022 · 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.britannica.com › money › fiat-moneyFiat money | History & Examples | Britannica Money

    May 30, 2024 · Fiat money is legal-tender paper money or coins that are not backed by gold or silver and have face values far exceeding their commodity values. Learn about the origins, evolution and challenges of fiat money from Britannica's editors.

  9. wise.com › us › blogWhat is fiat money? Definition & more - Wise

    May 30, 2022 · Fiat money is currency that has value from the backing of the government that issued it, not from any physical commodity. Learn how fiat money works, its advantages and disadvantages, and its evolution from commodity and representative money.