FIAT MONEY
(noun)Did you mean?
Definitions
There is 1 meaning of the phrase
Fiat Money.
Fiat Money - as a noun
Money that the government declares to be legal tender although it cannot be converted into standard specie
Example Sentences
"Many countries around the world use fiat money as their official currency."
"The value of fiat money is based on the trust and confidence people have in the government issuing it."
"Unlike commodity money, fiat money has no intrinsic value."
"The widespread adoption of fiat money began in the 20th century."
"One disadvantage of fiat money is that it can experience inflation if too much is printed."
