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paper money vs fiat money

fiat money vs paper money

paper money and fiat money both are nouns.

Word NounAdjectiveVerbAdverb
paper money Yes No No No
fiat money Yes No No No
As nouns, fiat money is a hyponym of paper money; that is, fiat money is a word with a more specific, narrower meaning than paper money:
  • paper money: 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 money (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 money and fiat money

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