Apple's CEO Tim Cook gestures during a promotional event that marks the opening day of sales of China Mobile's 4G iPhone 5s and iPhone 5c at a shop of the world's largest mobile phone operator in Beijing, China, Friday, Jan. 17, 2014.
Question: What is "fiat" money?
What is "fiat" money??
Best answer:
Answer by Sam
"Fiat money is money declared by a government to be legal tender"
"In monetary economics, fiat money is an intrinsically useless good used as a means of payment and a storable object."
i.e. It has no value in its own right, only that which the government bestows on it (if currency were gold, it would have value in its own right, as gold is valuable)
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Question: What is "fiat" money?
What is "fiat" money??
Best answer:
Answer by Sam
"Fiat money is money declared by a government to be legal tender"
"In monetary economics, fiat money is an intrinsically useless good used as a means of payment and a storable object."
i.e. It has no value in its own right, only that which the government bestows on it (if currency were gold, it would have value in its own right, as gold is valuable)
Avg 12.6 Recurring Sales = Biggest Recurring Highest Paid Tattoo Site
Affiliates Make 12.6 Sales Per 1 Sale On Average! Why Make One Hard Sale, When You Can Make Much More Money, Selling An Easier Recurring Sale! The CB Stats Here Dont Lie! The Average Member Stays On For Over A Year With Only A 2.3% Refund Rate!
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