A type of money that does not have intrinsic value, other than the material it is printed on, and can instead be decreed by a government to have value as a legal tender within its country. all of the major currencies traded in the forex market are forms of paper currency known as fiat currencies.
Browse by Subjects
unit of account
See All Related Terms »
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):