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Fiat
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Explained
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2:08
YouTube
YouTradeBiz
Fiat Currency Explained: How it Works and What Gives it Value
In this video, we discuss the concept of fiat currency, which is a currency that is not backed by tangible assets like gold or silver. We explain how fiat currencies work and how they are supported by the power of governments rather than by physical commodities. We also discuss the characteristics that make fiat currency suitable as a medium of ...
2.3K views
Apr 1, 2023
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