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What is a fiat currency? Definition, discussion & examples

October 31, 2019by Margarita Leave a Comment

What is a fiat currency? First of all, fiat according to the Oxford dictionary, means a formal authorization or proposition. While currency is any form of money that is accepted as a medium of exchange and is currently in circulation. (See definitions of money and medium of exchange in the FAQ section at the bottom … [keep reading..]

Posted in: Gold economics Tagged: currency, fiat currency, gold is money, gold value, medium of exchange, money

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