WebAug 9, 2024 · About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators ... WebFeb 7, 2024 · Fiat currency is the technical term for government-issued money that isn’t backed by a physical commodity, such as gold. The materials of fiat money also don’t carry much value; think of US dollar bills, for example. But as legal tender, the law recognizes it as an acceptable means to pay debts, taxes, and other financial obligations.
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