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Definition of

fiat money


government-recognized money coins or banknotes that have little intrinsic value in the material of which they are made but that are recognized by a government or other issuing authority, such as the European Central Bank, as having value

Recommended Further Reading (Term count)
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    People have compared recent problems to the 1930s, but they’re considerably smaller. The Great Depression was the biggest economic event in US history. Ameritrust has calculated the deviation from trend for the American economy since 1790. The Great Depression held the economy below trend for 10¾ consecutive years with a maximum deviation of 51% from trend. There is no danger of experiencing anything like the Great Depression in the United...

Definitions of ’fiat money’ and meaning of ’fiat money’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’fiat money’ and other financial terms with our online QFINANCE Financial Dictionary.

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