
Fiat is a currency that is not backed by a commodity such as gold. Central banks have the ability to control the amount of Fiat currency entering the market.

Written by
Yamilex Nunez Yamilex is MoneyLion's Social Media Coordinator based in New York City. She is passionate about health, travel, social marketing, educating communities about financial literacy and the entertainment industry.
You may like
Community Posts
TT
Tiffany T.
• Mar 20
Is Crypto currency a really good investment?
Yes
48%
459 Votes
22 likes
15 comments
SL
Savanna L.
• Mar 16
Should we go completely cashless?
No, not really.
85%
158 Votes
24 likes
35 comments
Join the conversation in the Community
Already a member Sign in

Similar Posts
Personal Finance / Basics • Apr 2, 2026
8 Best Student Loans for Parents

Personal Finance / Basics • Mar 31, 2026
How To Finance a Boat

Personal Finance / Basics • Mar 26, 2026
How To Get a Loan Without a Job

Personal Finance / Basics • Mar 25, 2026
How To Get a Credit Builder Loan

Personal Finance / Basics • Mar 16, 2026
Complete Guide To Taxes: Everything You Need To Know for a Stress-Free Filing Season

Personal Finance / Basics • Mar 12, 2026
Taxing Matters: What the Election Could Mean for Your Taxes

Personal Finance / Basics • Mar 12, 2026
Trump Tax Plan 2025: What to Know About the Latest Bill

Personal Finance / Basics • Mar 11, 2026
How to Make the Most of Tax-Free Weekends and Sales Tax Holidays

Personal Finance / Basics • Mar 11, 2026
How To Pay Off Debt

Personal Finance / Basics • Mar 10, 2026
Episode 2: Know Taxes

Join our newsletter
Sign up today and be the first to get notified on new updates.
Subscribe Now