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Fiat Money Definition - Investopedia
Fiat money is currency that a government has declared to be legal tender , but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and ...
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Fiat Money vs. Legal Tender: What’s the Difference?
Fiat money has no intrinsic value, while legal tender is any currency declared legal by a government. Governments can issue fiat currency and make it legal tender by setting it as the standard for ...
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