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What is meant by Fiat Money?

Marketing Consultancy International Business B2C marketing
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Question ajoutée par padmakumar pathiyil , Marketing Consultant , Management Consultancy
Date de publication: 2015/01/03
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Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

Money which has no intrinsic value and cannot be redeemed for specie or any commodity, but is made legal tender through government decree. All modern paper currencies are fiat money, as are most modern coins. The value of fiat money depends on the strength of the issuing country's economy. Inflation results when a government issues too much fiat money.

Azhar Hussain
par Azhar Hussain , Manager – Marketing , MOTOFIX

Fiat money is money which has no intrinsic value and cannot be redeemed for specie or any commodity, but is made legal tender through government decree. All modern paper currencies are fiat money, as are most modern coins.

 

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