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paper currency vs fiat money

fiat money vs paper currency

paper currency and fiat money both are nouns.

Word NounAdjectiveVerbAdverb
paper currency Yes No No No
fiat money Yes No No No
As nouns, fiat money is a hyponym of paper currency; that is, fiat money is a word with a more specific, narrower meaning than paper currency:
  • paper currency: currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie
  • fiat money: money that the government declares to be legal tender although it cannot be converted into standard specie
paper currency (noun) fiat money (noun)
currency issued by a government or central bank and consisting of printed paper that can circulate as a substitute for specie money that the government declares to be legal tender although it cannot be converted into standard specie
Difference between paper currency and fiat money

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