fiduciary money वाक्य
उदाहरण वाक्य
मोबाइल
- The same went after 1683 for the Bank of Amsterdam when its receipts for foreign coin and bullion were accepted as fiduciary money.
- But gradually currencies come into use that are not so convertible, i . e ., " fiduciary money " or fiat money which relies on social trust that people will honor their transactional obligations.
- These kinds of fiduciary money rely not on the value of money-tokens themselves ( as in commodity money ), but on the ability to enforce financial claims and contracts, principally by means of the power and laws of the state, but also by other institutional methods.
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