What is another word for fiat money?
[ fˈiːət mˈʌnɪ], [ fˈiːət mˈʌnɪ], [ f_ˈiː__ə_t m_ˈʌ_n_ɪ]
Table of Contents
Synonyms for Fiat money:
n.• Other relevant words: (noun)
Other synonyms:• commerce
- treasury note,
How to use "Fiat money" in context?
Fiat money is a currency whose value is not related to anything physical, such as gold or silver. Fiat money is created by a government and is backed by nothing but the confidence of the people who use it. It is the most common type of money in the world and is used in almost every country.
Fiat money is created when a government decides to issue a new type of currency. This new currency is called fiat money because it is not backed by any physical commodities. Instead, fiat money is backed by the government's promises to honor it with a currency that is legal tender.
Homophones for Fiat money:
- fathom, feed in, fedayeen, fat hen, futon, feed on, fifteen, footman, fifty-nine, fit in, fiefdom, fatten, fatima, fthm, foot-ton, fatimah, fifty-one.
Hyponym for Fiat money:
folding money, paper money, paper currency.
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