Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is government-issued currency that has no intrinsic value but holds purchasing ...

Discover the differences between fiat money and legal tender, their roles in the economy, and why it matters for your ...

Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

Differentiating between fiat and cryptocurrency is crucial to comprehend the evolving landscape of finance and the inherent strengths and challenges each form of currency presents. Fiat money, ...