|
gptkbp:instanceOf
|
Monetary System
|
|
gptkbp:acceptedBecause
|
Government Mandate
|
|
gptkbp:basisFor
|
Modern Banking System
|
|
gptkbp:canBe
|
Digital (bank deposits, electronic money)
Physical (banknotes, coins)
|
|
gptkbp:contrastsWith
|
gptkb:Commodity_Money
Representative Money
|
|
gptkbp:controlledBy
|
Central Banks
|
|
gptkbp:defines
|
Currency that a government has declared to be legal tender, but it is not backed by a physical commodity.
|
|
gptkbp:dependsOn
|
Public Confidence
|
|
gptkbp:enables
|
Monetary Policy Flexibility
|
|
gptkbp:example
|
gptkb:Euro
gptkb:Japanese_Yen
gptkb:US_Dollar
gptkb:British_Pound_Sterling
|
|
gptkbp:firstWidelyUsed
|
20th Century
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Fiat Money
|
|
gptkbp:inflationRisk
|
High if Overissued
|
|
gptkbp:legalTender
|
Yes
|
|
gptkbp:notBackedBy
|
Physical Commodity
|
|
gptkbp:notConvertibleTo
|
gptkb:gold
Silver
|
|
gptkbp:originatedIn
|
China (Tang Dynasty, 7th century)
|
|
gptkbp:regulates
|
Monetary Authorities
|
|
gptkbp:replacedBy
|
gptkb:Gold_Standard
|
|
gptkbp:subject
|
Hyperinflation (in extreme cases)
|
|
gptkbp:supportedBy
|
Government Decree
|
|
gptkbp:usedIn
|
Modern Economies
|
|
gptkbp:valueDerivedFrom
|
Trust in Issuing Government
|
|
gptkbp:bfsParent
|
gptkb:Legal_Money
|
|
gptkbp:bfsLayer
|
7
|