Ask Question
Social StudiesSocial Studies
17 October, 15:06

Why do most nations use fiat money today?

+4
Answers (1)
  1. 17 October, 15:36
    0
    Most nations use fiat money today because it has no value and is only used for the purpose of making the payment. Unlike in the past, they used different means of payment like gold or silver which has a value. Fiat money does not need to be redeemed and it can be directly used for making purchases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why do most nations use fiat money today? ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
How does federalism extend opportunities for citizen participation
Answers (1)
Dimitri went through a lot of hard work during basic training in the army. at times, drill sergeants yelled at him; he was physically exhausted and emotionally distressed.
Answers (1)
When was the constitution officially ratified?
Answers (1)
As part of the New Deal, which multifaceted agency was established in 1934 and hired some 3 million Americans, in virtually every walk of life, each year until it ended in 1943?
Answers (1)
Who are the most common users of goods that are produced in market economies
Answers (1)
New Questions in Social Studies
Genes that belong to the same linkage group tend to be
Answers (1)
When a fan has a negative experience at an event, they are more likely to share that experience with others?
Answers (1)
What country is south of Macedonia
Answers (1)
Why did the equal rights amendment fail to pass?
Answers (1)
How does the law of supply say the factory will respond to the increase in the price of blue widgets?
Answers (1)
Home » Social Studies » Why do most nations use fiat money today?
Sign Up Forgot Password?