Currency

Fiat money: Currencies that derive their value largely through trust in the governments that issue them

11 days ago   |   By Business Insider

Fiat money gives authorities a lot of control over its supply and value. ipopba/Getty
Fiat money is currency backed by the government that issued it and isn't tied to a commodity such as gold.
Fiat money issuers can have a lot of influence on the economy by controlling the supply of this currency.
Overly aggressive monetary policies run the risk of eroding the value of fiat currencies.
Visit Insider's Investing Reference library for more stories .
Fiat money is the term used to describe currencies that are backed by the government that issued them and aren't aren't tied to the value of a...
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