rkidbakon2010@hotmai
1 Answer
FISH-O
Fiat money
Inconvertible paper money made legal tender by a government decree.
Definition of 'Fiat Money'
Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith.
Investopedia explains 'Fiat Money'
Most of the world's paper money is fiat money. Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation. If people lose faith in a nation's paper currency, the money will no longer hold any value.
http://www.investopedia.com/terms/f/fiatmoney.asp
Thank you for choosing akaQA. Have a meaningful day!
| 12 years ago. Rating: 2 | |
Top contributors in Politics category
Unanswered Questions
789betvim
Answers: 0
Views: 6
Rating: 0
Manclub
Answers: 0
Views: 7
Rating: 0
Top cổng game bài đổi thưởng uy tín nhất 2025
Answers: 0
Views: 6
Rating: 0
SUNWIN – Cổng Game Uy Tín, Chơi Là Có Thưởng
Answers: 0
Views: 6
Rating: 0
Soi Cầu Minh Ngọc
Answers: 0
Views: 5
Rating: 0
7clubs trang chủ 2025 | Tải game 7club tặng code 299k
Answers: 0
Views: 5
Rating: 0
webskubetstore
Answers: 0
Views: 8
Rating: 0
0Gomovies Baby
> More questions...
Answers: 0
Views: 5
Rating: 0