What is FIAT money ?
According to Oxford Reference,
fiat money is currency that a government
has declared to be legal tender,
but it is not backed by intrinsic value
and has no reserve backing, like gold or silver
What is FIAT money ?
According to Oxford Reference,
fiat money is currency that a government
has declared to be legal tender,
but it is not backed by intrinsic value
and has no reserve backing, like gold or silver