Meaning Of The Word Fiat money

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Fiat money Meaning

Fiat money Definition
Fiat money Definition

What's The Definition Of Fiat money?

fiat money in American English
currency made legal tender by fiat and neither backed by, nor necessarily convertible into, gold or silver
noun: paper currency made legal tender by a fiat of the government, but not based on or convertible into coin

fiat money in British English
noun: money declared by a government to be legal tender though it is not convertible into standard specie

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