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
Answer:
Political parties.
Explanation:
The question gives you a hint to the answer. If there is a president and vice president from two different political parties, it would make sense to have problems based on different beliefs, because you two don't believe in the same course of action for the country.
The latin american didn’t support them
Answer:
Some white Southerners used state legislation, segregation, and violence to limit the freedoms of blacks.
Explanation:
Some white Southerners used state legislation, segregation, and violence to limit the freedoms of blacks and this was the way Southern blacks lose rights in the years after the Thirteenth, Fourteenth, and Fifteenth amendments. The correct option among all the options that are given in the question is the third option or option
Answer:
The Founding Fathers credited the 39th clause as the origin of the idea that no government can unjustly deprive any individual of “life, liberty or property” and that no legal action can be taken against any person without the “lawful judgement of his equals,” what would later become the right to a trial by a jury of one’s peers.
The last phrase of clause 39, “by the law of the land,” set the standard for what is now known as due process of law
Explanation:
