Table of contents

Defining Fiat Money: Government-Issued Currency Not Backed by Physical Commodities

Key Characteristics of Fiat Money Systems

How Fiat Money Differs from Commodity-Backed Currencies

The Role of Central Banks in Managing Fiat Currencies

Advantages and Potential Risks of Fiat Money

The U.S. Dollar as Fiat Currency: Transition and Implications

Frequently Asked Questions