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- Dictionaryfiat money
noun
- 1. inconvertible paper money made legal tender by a government decree.
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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.
Nov 24, 2023 · Fiat money is a currency issued by a government that is backed by the authority and power of that government and its economy rather than a physical commodity. Historically, governments would mint money out of gold and silver, metals with inherent value due to their rarity and desirability.
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.
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 how fiat money works, its advantages and disadvantages, and how it differs from cryptocurrencies.
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.
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.
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.
