Fiat Money

Collection by Money: The Root of All Evil


Fiat money is money that derives its value from government regulation or social norms. These are objects that have no or little intrinsic use value as a physical commodity, and derive value by being declared by a government or institution to be legal tender. Examples of fiat money include coins (metals), checks and bills (paper).

Money: The Root of All Evil
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Economic and Financial Affairs

European Commission - our currency

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