The value of Fiat currency is a nation's credit, and that is because it is used to clear off debt by the citizens of a nation.
Fiat currency is, thus, a government issued-currency that is not supported by physical commodity, such physical commodity can be gold or silver.
The value of fiat money then is gotten from the relationship between supply and demand and the stability of government issuing it instead of the worth of a commodity that backs it.
For example, the United states dollar, euro and many world currencies are all fiat currency.
Government, historically, mint coins from valuable physical commodity and print paper money that could be redeemed for a particular amount of physical commodity.
In the case of inflation or hyperinflation, fiat money tends to loose value and this is because it is not connected to physical reserves such as gold or silver. if people lose faith in the country's currency, it tends to lose its value.
This is entirely different from currency that is backed by gold mainly because the demands for products made of gold such as jewelries, computers, electronic devices and aerospace vehicles are very high.
Fiat currency is issued by most government as legal tender for the purpose of debt repayment
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KEYWORDS:
- fiat money
- gold or silver
- currency
- government
- debt
- physical commodity
- legal tender
Explanation:
The Bolsheviks had to use violence to start and to maintain a communist state because of how most people didn't believe in the Bolsheviks or the communist regime and tried to block them whilst other countries like Britain and America AND China were sending support for the Whites (The Original Government) to retake control of the country so that there wouldn't be revolts like the one in Russia across the whole world.
Answer:
Guarantees civil rights and liberties
Explanation:
The Bill of Rights is the first 10 Amendments to the Constitution. It spells out Americans' rights in relation to their government. It guarantees civil rights and liberties to the individual like freedom of speech, press, and religion.
Fighting between Africans destroyed societies.
When the police forcefully detained protesters who did not fight back (non-violent protests), it made it clear to anyone watching who was in the wrong (being the police officers). This gained a lot of American support for the civil rights movements
