Fiat money
Fiat money or fiat currency, is money such as paper money, that is current or legal tender as satisfaction for money debts by government fiat, that is by law not by convention (fiat is from the Latin "let it be").
Related Topics:
Paper money - Legal tender
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~ Table of Content ~
| ► | Introduction |
| ► | Fractional Currency as Fiat Currency |
| ► | Central Bank Notes as Fiat Currency |
| ► | Debate over the term |
| ► | Historical summary |
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