Fiat moneyFinancial Markets HistoryCurrency that has value because the government declares it legal tender, not because it is backed by a commodity.Learn about this termUnit 01: invention of moneyFinancial Markets HistoryRelated TermsBarter mythThe false claim that money emerged spontaneously from barter...Gold standardA monetary system where currency can be exchanged for a fixe...ChartalismThe theory that money derives its value from state authority...