What is fiat money and why does it have value?

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asked Apr 19, 2022 5.5k views

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Vijaya Pandey · Answer 1 · 2022-04-23T23:09:45+0000

The answer is… Fiat money is a type of currency that has the value because it's backed by a type of government, not because it represents ownership of a physical good, such as shinning gold. Hope this helps!

What is fiat money and why does it have value?

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