Fiat currency and Merit order: Difference between pages

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A currency without intrinsic value.


Also known as ''fiat money''.
1. A way of ranking available sources of energy, especially electrical generation, in order of their costs of production, so that the most efficient are more likely to be called to generate, rather than less efficient plant.




<span style="color:#4B0082">'''''What spooked the G20 post-2008'''''</span>
2. Marginal economics of production when their marginal cost is below the power price.


:"What spooked the G20 members in the aftermath of the 2008 global financial crisis was that their economies appeared to nearly collapse because we no longer trusted banks to hold our cash, and because our currencies are 'fiat' in nature: they exist because as societies we say that they do, and not because they comprise lumps of precious metal for which value is universally recognised."
== See also ==
* [[Group accounts]]
* [[Merger accounting]]
* [[Reserves]]


:''The Treasurer magazine, April 2017, p10 - Technical briefing.''
== See also ==
* [[Bitcoin]]
* [[Cryptocurrency]]
* [[Gold standard]]
* [[Money]]
* [[Reserve currency]]

Revision as of 14:20, 23 October 2012

1. A way of ranking available sources of energy, especially electrical generation, in order of their costs of production, so that the most efficient are more likely to be called to generate, rather than less efficient plant.


2. Marginal economics of production when their marginal cost is below the power price.

See also


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