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What is fiat currency?

Fiat currency is regular money issued by the government, not backed by a physical item.

Can you give examples of fiat currency?

Examples of fiat currency are USD, EUR, and GBP. This is the money you use every day and is accepted for transactions everywhere.

How is fiat currency different from other types of money?

Fiat currency is the cash you use daily, like dollars, euros, or pounds. It’s what you spend to buy things, unlike digital or commodity-backed currencies.

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