Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...
Definition: Fiat currency is a form of money or tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The ...
Definition: Fiat currency is a form of money or tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The ...
Reviewed by Caitlin ClarkeFact checked by David RubinReviewed by Caitlin ClarkeFact checked by David Rubin Fiat money is money that is backed by public faith in the issuer, in contrast to commodity ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...
Mike Maharrey and AIER’s Peter C. Earle explain the gold standard, debunk 7 fiat-money myths, and discuss central bank gold ...
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What is Fiat Money?
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