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3 Tutorials that teach Fractional Gold Standard/Fiat Currency
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Fractional Gold Standard/Fiat Currency

Fractional Gold Standard/Fiat Currency

Author: Colton Cranston
Description:
This lesson covers the Fractional Gold Standard/Fiat Currency
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Tutorial

Fractional Gold Standard/ Fiat Currency

Source: Images by Video Scribe, License Held by Colton Cranston

Notes on "Fractional Gold Standard/ Fiat Currency"

Key Terms

  • Fiat Money
  • Money that is a recognized legal tender that is non-convertible and has no intrinsic value
  • Fiduciary Currency
  • A currency whose value is based on “trust” or “faith” in its value.