fiat money

 

 

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fiat money

 

Glossary of money, banking and financial markets

 

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Economics

 

Definition of fiat money

 

fiat money: Paper currency decreed by a government as legal tender but not convertible into coins or precious metal.

 

Source : http://college.vatc.edu.vn/attachments/article/152/Glossary%20-%20MONEY,%20BANKING,%20&%20FINANCIAL%20MARKETS.doc

link: http://college.vatc.edu.vn/

Author : not indicated on the source document of the above text

 

Glossary of money, banking and financial markets

 

Economics money banking and financial market glossary index of terms

 

 

Definition and meaning of fiat money

 

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