(Free) Fiat Currency Meme

The value of fiat money is derived from the relationship between supply and.

Fiat currency meme. The rest of the meme world has a more mixed opinion of the currency and its prospects. Fiat money is a currency a medium of exchange established as money often by government regulation but that does not have intrinsic value value independent of the nominal value such as a precious metal might have. The most important feature of fiat money is the stability of its value unlike commodity based money like gold copper and silver. Advantages and disadvantages of fiat currency. Fiat money does not have use value inherent utility such as a cow or beaver pelt might have and has value only because a government maintains its value or because parties. Fiat money in a broad sense all kinds of money that are made legal tender by a government decree or fiat. The term is however usually reserved for legal tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver.

Fiat money is currency that a government has declared to be legal tender but it is not backed by a physical commodity. A fiat currency or fiat money is one example.