What is the meaning of fiat money?

Money that has little or no intrinsic value as a commodity; it is costless to produce, usually taking the form of tokens or pieces of paper, and is not redeemable for any commodity.

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APABarry Goldsmith. (2010). fiat money. Retrieved September 29, 2026, from http://smartdefine.org/fiat_money/definitions/1153859
ChicagoBarry Goldsmith. 2010. "fiat money" http://smartdefine.org/fiat_money/definitions/1153859 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, fiat money, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/fiat_money/definitions/1153859>.
MLABarry Goldsmith. "fiat money" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/fiat_money/definitions/1153859>
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