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Fiat Currency

A currency that has no intrinsic value but is issued on the creditworthiness of a government, but without direct connection...

Legal Tender

A form of money (currency) that courts of law and the broader legal system in a country legally recognize as...

Fiat Money

The component of the money supply in an economy which is directly created by the government or central bank, such...

Outside Money

The component of the money supply in an economy which is directly created by the government or central bank, such...