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| A currency without intrinsic value.
| | ''Capital adequacy''. |
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| Also known as ''fiat money''.
| | Reserve Requirement Ratio. |
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| In the modern era, all significant currencies are fiat currencies.
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| <span style="color:#4B0082">'''''What spooked the G20 post-2008'''''</span>
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| :"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."
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| :''The Treasurer magazine, April 2017, p10 - Technical briefing.''
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| == See also == | | == See also == |
| * [[Bitcoin]] | | * [[Capital adequacy]] |
| * [[Crypto-assets]] | | * [[Reserves]] |
| * [[Cryptocurrency]]
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| * [[G20]]
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| * [[Gold standard]]
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| * [[Hard money]]
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| * [[Money]]
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| * [[Pound]]
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| * [[Reserve currency]]
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| [[Category:Cash_management]]
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| [[Category:Technology]]
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Revision as of 12:46, 20 July 2016
Capital adequacy.
Reserve Requirement Ratio.
See also
