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What does the term fiat stand for in fiat money?

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Answer:

Fiat means in Latin let it be done. Fiat money is usu. Printed into existence without the backing of any physical metal or a strong manufacturing base. Most currencies in the world today are "let it be done" currencies.

First answer by ID0402888523. Last edit by ID0402888523. Question popularity: 2 [recommend question].

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