- What is the meaning of fiat money?
- Fiat money is a legal tender. What does it mean?
- Does fiat money include both paper currency (banknotes) and coins?
- What are the diverse forms of fiat currency?
- What are the differences between fiat money and commodity money?
- Whether supply of fiat money is limited?
- What are those factors that influence the value of fiat money?
- Who is authorized in a country to create fiat money?
- What happens if the central bank buys financial assets such as government bonds?
- How can the central bank influence the money supply?
- Does fiat money have intrinsic value?
A journey through Fiat Money
A Guide to Fiat Money
All Levels • 7 Lectures • Full Lifetime Access
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Meet your instructor: Prabh Kirpa Classes
19 ms
5.0 / 5.0
Global Rating1h 4m
Total ContentWhat you will learn
What is the meaning of Fiat Money?
Fiat money is a legal tender. What does it mean?
What are the differences between fiat money and commodity money?
What are the differences between fiat money and commodity money?
Course Content
2 sections • 7 lectures • 01:04:12 total lengthFiat Money: Meaning and Characteristic
Free Preview
11:13
- What is the meaning of fiat money?
- Whether fiat money has intrinsic value?
- Fiat money is a legal tender. What does it mean?
- What happens if the government declares that a banknote of particular denomination is no longer a legal tender?
- What happens if the government issues too much fiat money?
Components of Fiat Money
04:52
- Does fiat money include both paper currency (banknotes) and coins?
- What are the diverse forms of fiat currency?
Authority Behind Fiat Money Creation
10:21
- Who creates fiat money?
- Who is authorized in India to print fiat money or create digital currency in the form of bank reserves?
- What happens if the central bank buys the government securities from the open market?
- How the central bank can influence the money supply?
Fiat Money vs. Commodity Money
08:40
- Fiat money has no intrinsic value whereas commodity money has intrinsic value. Comment.
- Whether the production cost of fiat money is high or low as compared to commodity money?
- What are the various differences between the fiat money and commodity money?
Factors influencing the value of fiat money
11:51
- What are those factors which influence the value of fiat money?
- Whether fiat money can lose its value?
Supply of Fiat Currency- Infinite or Finite
14:05
- Whether supply of fiat currency is inifinite or finite?
- Central Bank has the authority to control and manage the supply of fiat money. Which factors influence the supply of fiat money?
- Whether fiat money can be replaced by cryptocurrencies?
- What are the various benefits of cryptocurrencies over fiat money?
- What are the various challenges faced by cryptocurrencies?
Weekly Study Plan
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Requirements
Basic understanding of economic principles such as supply and demand, inflation and interest rates
Target Audience
Students, business man and general public
About this course
- What is the meaning of fiat money?
- Whether fiat money has intrinsic value?
- Fiat money is a legal tender. What does it mean?
- What happens if the government declares that a banknote of particular denomination is no longer a legal tender?
- What happens if the government issues too much fiat money?
- Does fiat money include both paper currency (banknotes) and coins?
- What are the diverse forms of fiat currency?
- Who creates fiat money?
- Who is authorized in India to print fiat money or create digital currency in the form of bank reserves?
- What happens if the central bank buys the government securities from the open market?
- How the central bank can influence the money supply?
- Fiat money has no intrinsic value whereas commodity money has intrinsic value. Comment.
- Whether the production cost of fiat money is high or low as compared to commodity money?
- What are the various differences between the fiat money and commodity money?
- What are those factors which influence the value of fiat money?
- Whether fiat money can lose its value?
- Whether supply of fiat currency is inifinite or finite?
- Central Bank has the authority to control and manage the supply of fiat money. Which factors influence the supply of fiat money?
- Whether fiat money can be replaced by cryptocurrencies?
- What are the various benefits of cryptocurrencies over fiat money?
- What are the various challenges faced by cryptocurrencies?
Career Opportunities & Job Roles
Build practical, job-ready skills and qualify for high-impact roles worldwide
Job-Ready Curriculum
Target Roles You Can Apply For
Certified Domain Practitioner
Technical Project Specialist
Operations & Implementation Lead
Independent Consultant / Freelancer
Estimated Annual Salary
$70,000 – $115,000 / yr
Global Industry Demand
High Global Market Applicability
In-Demand Skills You Master* Estimates based on global tech hiring benchmarks and industry compensation reports.
Industry Best Practices & Methodology
Hands-On Project Execution
Analytical Problem Solving
Verified International Certification
Meet your instructor
Prabh Kirpa Classes
Main Instructor
Educator
This channel is purely education based. Our aim is to ensure that the students are able to understand each and every question in an easy way. We take pride in providing quality educational services to the students of Class VII to Class XI Science NCERT, English, Computer solutions, Mathematics, Business Studies & Economics. Our goal is to help the leaders of tomorrow to learn to succeed today....
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