fiat money oor Noorse Bokmål

fiat money

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(economics) Money that is given legal value or made legal tender for money debts by government fiat.

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Fiat-penger

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a currency established as money by government regulation or law.
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Fiat money originated in 11th century China, and its use became widespread during the Yuan and Ming dynasties.
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The third century saw runaway inflation associated with the production of fiat money to pay for public expenses, and Diocletian tried unsuccessfully to re-establish trustworthy minting of silver and billon coins.
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Fiat currency is money created by government fiat, or decree, and legal tender laws declare that citizens must accept this fiat money as payment for debt or else the courts will not enforce the obligation
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“Every experiment with fiat money has resulted in disaster because no government that has tried it has been able to resist the temptation to issue an excessive supply, with the result that the money has depreciated until it finally became worthless.”
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Islamic jurists discuss two types of riba: an increase in capital with no services provided, which the Qur'an prohibits—and commodity exchanges in unequal quantities, which the Sunnah prohibits; trade in promissory notes (e.g. fiat money and derivatives) is forbidden.
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Whether it is gold, fiat or debt money doesn' t matter
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“Since then the exchange value of the dollar has been controlled by the fiat [decrees] of U.S. money managers no longer subject to the discipline of gold.”
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Fiat currency, also known as fiat money, is the opposite of commodity money.
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The difference between fiat money and commodity money relates to their intrinsic value.
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Other sites may allow for a variety of digital monetary systems, but will not support fiat money.
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Transferring fiat to wallet takes about 30 seconds; withdrawing into fiat money takes less than 60 minutes after transaction
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This article describes SDR and focuses on the BIS / IMF / NWO plans for introducing a new world currency based on fiat money.
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From the borrower' s point of view this becomes " loan money " in his or her account, and because the government allows this debt of the bank to the borrower to be converted to government fiat currency, everyone has to accept it as money
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Since fiat money is not a scarce or fixed resource – like gold – a country’s central bank has greater control over its supply and value.
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The value of fiat money is largely based on the public’s faith in the currency’s issuer, which is normally that country’s government or central bank.
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Since it is not tied to a tangible asset, the value of fiat money is dependent on responsible fiscal policy and regulation by the government.
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Fiat money or fiat currency is money whose value is not derived from any intrinsic value or guarantee that it can be converted into a valuable commodity (such as gold).
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Other information includes the cost of each of the tokens, what will be used in exchange for the token – a cryptocurrency or fiat money – and the team behind the planned project.
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Fiat money by contrast, has no intrinsic value – it is essentially a promise from a government or central bank that the currency is capable of being exchanged for its value in goods.
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Without seeing the bill in its entirety, it’s difficult to say whether it will foster the next stage of cryptocurrency’s mainstream acceptance or instead undercut too much of its advantage over fiat money.
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A nummus of Constantine The third century saw runaway inflation associated with the production of fiat money to pay for public expenses, and Diocletian tried unsuccessfully to re-establish trustworthy minting of silver and billon coins.
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A nummus of Constantine After the runaway inflation of the third century, associated with the production of fiat money to pay for public expenses, Diocletian had tried unsuccessfully to re-establish trustworthy minting of silver and billon coins.
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That the poor countries, the main target of which the World Bank wants to "help", is poured into debt that was created and received as fiat money, "created out of thin air," is not published on the World Bank website.
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Monetary reforms A Nummus of Constantine After the runaway inflation of the third century, associated with the production of fiat money to pay for public expenses, Diocletian had tried unsuccessfully to re establish trustworthy minting of silver and billon coins.
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The probability of collapse is further minimized by the fact that Rational Gaudism almost de facto prohibits fractional reserve banking, which removes the basis for a central bank in the traditional sense as “lender of last resort” and “printer of fiat money”.
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