Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...
Fiat money refers to a type of currency that holds value because a government declares it as legal tender, rather than being backed by a physical commodity like gold or silver. Most modern economies ...
Legal money backed by the government that issued it. All currencies issued by countries are fiat, and the value of the currency depends on the strength of the government. For example, the dollar was ...
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