Fiat

Discussion in 'Forex' started by Ava, May 30, 2023.

  1. Ava

    Ava

    I read about fiat a lot. But I couldn't understand it. Would you please explain it?
     
  2. maxinger

    maxinger

    upload_2023-5-31_0-12-37.png

    You can Google it.

    It is a small Fiat car.

    Do u know how to use Search?

    I guess you are underage.


    So u are forgiven.

    Those below 1 year old should be banned from ET.
     
    Last edited: May 30, 2023
  3. Edmond

    Edmond

    fix it again Tony….lol
     
  4. zdreg

    zdreg

    She is referring to fiat currency.
    The OP will have to adjust to dealing with full time time wasters who live here on ET.

    Fiat currency is currency that has only backed by a government that says it can be used to settle debts and buy merchandise and services. It has no backing like silver or gold.
     
    Last edited: May 30, 2023
    Ava likes this.
  5. Smell like a crypto acolyte trying to troll you chaps.
     
  6. Ava

    Ava

    Thanks for your response. Now I can understand it. Fiat currency's value is based on the trust and faith people have in the government that issues it.
     
    murray t turtle likes this.
  7. tomas262

    tomas262

    There are better versions of Fiat :)
    [​IMG]
     
    Drawdown Addict likes this.