what is fiat money??
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Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.
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Fiat money refers to that money which is issued order / authority of the government. It includes all notes and coins which the people in a country are legally bound to accept as a medium of exchange .
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