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Results tagged with currency
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user 24786
a generally accepted form of money, including coins and paper notes , which is issued by a government and circulated within an economy.
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What is meant by "faith" in the context of fiat currency?
I am reading a book on how money works and it has the following definition for fiat currency: "currency with value backed by faith in the government and economy." What does that mean exactly? … In particular, what does it mean for currency to be “backed by” something? And faith in the government and economy to do what exactly? …
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