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Politics : Formerly About Advanced Micro Devices
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sylvester80
To: Tenchusatsu who wrote (1093460)10/16/2018 5:00:21 PM
From: Heywood401 Recommendation  Read Replies (1) of 1577802
 
The United States dollar ( sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792.

Since the suspension in 1971 [8] of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. [9]

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value, and has value only because a government maintains its value, or because parties engaging in exchange agree on its value.
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