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CURRENCY ESTABLISHED AS MONEY BY GOVERNMENT REGULATION OR LAW
Fiduciary currency; Fiduciary money; Funny Money (the money); Government created money; Fiat currancy; National currency; Fiat currency; Fiat money (Template); Fiat currencies; Flat money; Fiat coin
['faiætmʌni]
американизм
неразменные бумажные деньги
бумажные деньги (не обеспеченные золотом)
fiatmoney
CURRENCY ESTABLISHED AS MONEY BY GOVERNMENT REGULATION OR LAW
Fiduciary currency; Fiduciary money; Funny Money (the money); Government created money; Fiat currancy; National currency; Fiat currency; Fiat money (Template); Fiat currencies; Flat money; Fiat coin
fiatmoney amer. бумажные деньги (не обеспеченные золотом)
fiduciary money
CURRENCY ESTABLISHED AS MONEY BY GOVERNMENT REGULATION OR LAW
Fiduciary currency; Fiduciary money; Funny Money (the money); Government created money; Fiat currancy; National currency; Fiat currency; Fiat money (Template); Fiat currencies; Flat money; Fiat coin
Fiat money (from , "let it be done") is a type of currency that is not backed by any commodity such as gold or silver. It is typically declared by a decree from the government to be legal tender.
1. For the first time the whole world was operating what economists call pure fiat money.
2. Fiat money thus severed one of the most durable links between man and nature and gave governments and the central bankers whom they appointed the freedom to manage their economies without regard to external forces and to create standards of value that philosophers and economists had previously ascribed to God.