Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being ...

Fiat currencies are issued and regulated by a country's central bank but are not backed by a commodity like gold. Fiat currency is a type of money that is created by a government and is not backed ...

Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is ...