asked 75.4k views
5 votes
i need to know what's flat money authority? idek what to answer- i can't get over with bts' performance in mma last night hElP :/

1 Answer

3 votes

Answer:

*fiat money

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it as is the case for commodity money. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro and other major global currencies.

Step-by-step explanation:

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User Nerian
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