fiat money
/ˈfiːæt ˌmʌni/noun
उच्चारण फ़ीऐट मनी
आदेश मुद्रा, फ़िएट मुद्रा
Advanced word
noun
- 1
[U] economics
money, such as coins and paper notes, that has value only because a government declares it to be legal tender, not because it can be exchanged for gold or silver
आदेश मुद्रा, फ़िएट मुद्रा
- The Indian rupee, like most modern currencies, is fiat money.
- Fiat money depends on people's trust in the government that issues it.
?Which word?
Do not confuse fiat money (valuable because the government says so) and commodity money (such as gold coins, valuable in itself).
Fiat money (जिसका मूल्य सरकार के घोषित करने से है) और commodity money (जैसे सोने के सिक्के, जिनका अपना मूल्य होता है) में भ्रमित न हों।
⌂Word origin and word building
From Latin fiat, meaning 'let it be done'.
यह Latin शब्द fiat से बना है, जिसका अर्थ है 'ऐसा ही हो'।