Word | Noun | Adjective | Verb | Adverb |
---|---|---|---|---|
fiat money | Yes | No | No | No |
paper currency | Yes | No | No | No |
fiat money (noun) | paper currency (noun) |
---|---|
money that the government declares to be legal tender although it cannot be converted into standard specie | currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie |