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:
D) the Monroe Doctrine protected the U.S. from involvement in European affairs and W.W. I.
Explanation:
The territories of Poland was known to have expanded as agreed on the Treaty of Versailles right after the first world war. Germany looses most of its territories at that time and some of it were given to the Polish. Poland acquired these German territories: West Prussia, Posen and Upper Silesia.
D. Tobacco, rice and indigo served as the major staple crops.
These three things were the main exports in the southern colonies during the 17th century. Especially tobacco, it made a ton of profit. :)
The king’s actions that prompted nobles to force the king to sign the Magna Carta was his demand of heavy taxes to fund his unsuccessful wars in France.
This action forced the barons to rebel against the king and the Magna carter was signed in order to limit the king's power.
<h3>What Was the Magna Carter?</h3>
Magna Carta Libertatum, which is shortened as the Magna Carta, is a royal charter of rights agreed to by King John of England at Runnymede, near Windsor, on 15 June 1215. This Charter of rights is referred to as the first known documentation of Human Rights.
Prior to the signing of this charter, the king was viewed as the absolute power and could do as he willed.
Some of his actions were detrimental to the Nobles and in order to preserve his throne from imminent take over, his subjects forced him to sign the Magna Carta.
Learn more about the Magna Carter at brainly.com/question/25378155
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