Fiatmoney

Fiatmoney法定货币；不兑现纸币isanymoneywhosevalueisdeterminedbylegalmeans法律手段.Thetermsfiatcurrencyandfiatmoneyrelatetotypesofcurrencyormoneywhoseusefulness有用性resultsnotfromanyintrinsicvalue固有价值orguarantee保证；保障thatitcanbeconvertedintogoldoranothercurrency,butinsteadfromagovernmentsorder(fiat命令;指令)thatitmustbeacceptedasameansofpayment.

Fiatmoneyiscreatedwhenatypeofcreditmoney(typicallynotes纸币;钞票纸币;钞票fromacentralbank,suchastheFederalReserveSystemintheU.S.)isdeclaredbyagovernmentact(fiat)政府法案tobeacceptableandofficially-recognizeudpaymentforalldebts,bothpublicandprivate.Fiatmoneymaythusbesymbolicofa