simmonsj05
simmonsj05 simmonsj05
  • 04-12-2020
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Whats the definition of: fiat currency?

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amnaqasimdar amnaqasimdar
  • 04-12-2020

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)

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Naeemashan573
Naeemashan573 Naeemashan573
  • 04-12-2020

Explanation: Oh bro fiat is a currency

it means money

like we called dollar like this.

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