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- DictionaryFi·at/ˈfēət/
noun
- 1. a formal authorization or proposition; a decree: "adopting a legislative review program, rather than trying to regulate by fiat"
fiat money, in a broad sense, all kinds of money that are made legal tender by a government decree or fiat. The term is, however, usually reserved for legal-tender paper money or coins that have face values far exceeding their commodity values and are not redeemable in gold or silver. (Read Milton
Feb 28, 2024 · Fiat money is currency that a government has declared to be legal tender , but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and ...
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver. It is typically designated by the issuing government to be legal tender, and is authorized by government regulation. Since the end of the Bretton Woods system in 1971, the major currencies in the world are fiat money.
Sep 28, 2022 · Follow the writer. MORE LIKE THIS Investing Cryptocurrency. Fiat currency (or fiat money) is government-controlled money such as the U.S. dollar and other national currencies. Generally, fiat ...
Fiat Automobiles is the largest automobile manufacturer in Italy. During its more than century-long history, it remained the largest automobile manufacturer in Europe and the third in the world after General Motors and Ford for over 20 years, until the car industry crisis in the late 1980s. [3]
This word comes from the Latin for “let it be done,” and the expression evokes images of a tyrannical ruler dishing out his orders without any regard for proper procedure in enacting laws. But the most momentous “fiat” ever uttered was spoken by someone who was far from a despot. She was a Queen, for sure, but a most admirable and just one.
Fiat's best and often forgotten sports cars were all designed in-house eschewing the coachbuilders. Sadly, not every Fiat was classic or elegant. Yet for style, these Italian classic cars are ...
