Fiat money
id:
fiat-money-214-3599652
title:
Fiat money
text:
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver, or backed by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1971, the major currencies in the world are fiat money. Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals
brand slug:
wiki
category slug:
encyclopedia
description:
Currency not backed by any commodity
original url:
https://en.wikipedia.org/wiki/Fiat_money
date created:
2002-04-07T21:16:09Z
date modified:
2024-09-12T16:12:48Z
main entity:
{"identifier":"Q240532","url":"https://www.wikidata.org/entity/Q240532"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/d/de/Yuan_dynasty_banknote_with_its_printing_plate_1287.jpg","width":2631,"height":1918}
fields total:
13
integrity:
16