Why do most nations use fiat money today

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asked Feb 12, 2017 11.4k views

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Vivick · Answer 1 · 2017-02-17T19:32:24+0000

Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation. If people lose faith in a nation's paper currency, like the dollar bill, the money wont have any value. hope this helped

Why do most nations use fiat money today

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