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During the crisis, many people lost confidence in fiat currency and turned to tangible assets.
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During the crisis, many people lost confidence in fiat currency and turned to tangible assets.
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Related words
fiat currency
Noun
Japanese Meaning
政府が法的に定めた通貨。実体的な裏付け（例えば金など）はなくても、人々の信頼や政府の命令により価値が認められるお金。 / 国家が法令によってその通貨の流通・価値を保証している通貨。金属や商品に基づかないため、信頼により価値が成り立つ。
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