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Whats the definition of: fiat currency?

User Trashman
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2 Answers

5 votes

Explanation: Oh bro fiat is a currency

it means money

like we called dollar like this.

User Mariusz Brona
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Answer: Fiat money is a government-issued currency that isn't backed by a commodity such as gold. Fiat money gives central banks greater control over the economy because they can control how much money is printed. Most modern paper currencies, such as the U.S. dollar, are fiat currencies.

Explanation: You could have searched it up??

(hope this helped)

User Dan Benamy
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