Difference between revisions of "Fiat Currency"

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(Created page with "A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank). For example, the Great British Pound (GBP) and United States Dollar (USD) are both fiat currencies. == Sources: == https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary Category:Glossary")
 
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Latest revision as of 12:58, 26 April 2022

A legal tender declared by the government; this can be backed up by its economy and has an institution that regulates it (central bank). For example, the Great British Pound (GBP) and United States Dollar (USD) are both fiat currencies.

Sources:

https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary