A journey through Fiat Money

A Guide to Fiat Money

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?