I feel like lily and Ledbetter had a fair pay act just because it was Necessary especially at those times
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:
Foreign country helps Italy in its unification.
Explanation:
The Kingdom of Piedmont that is located in northern Italy defeat Austria and gain control of unification efforts across Italy because Italy was unable to defeat Austria and unify all its states. Italy would not be able to achieve independence or unity without foreign help so due to the help of Kingdom of Piedmont in the defeat of Austria, Italy was able to unify the country which was captured by Austria so we can say that foreign country helps Italy in its unification.
I haven’t learned that yet sry
