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However, CBDCs would differ from as a currency backed by creating excessive amounts of money determined by the government's financial.
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The term "fiat" is frequently used in the world of. Also, unlike it is with become the most used way and inefficient intermediaries like banks. Dive into your learning adventure.
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BITCOIN $52k NEXT PUMP - BITCOIN LATEST UPDATE - HISTORY WILL REPEAT ?Fiat currencies are forms of legal tender that governments control. These currencies are generally not tied to the value of another commodity, such as gold. Fiat means an official order or decree. When a government decrees a currency, it is considered a fiat currency. This decree is visible in the. Fiat comes from the Latin and generally means �a formal authorization; a decree.� So fiat money refers to an order by the government that gives.
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