bonds
Issued Bonds
Fiat money. This is money that has no tangible value. An alternative is gold, which in itself has tangible value.
money issued by each colony was backed by real wealth.
Pennsylvania Colony made its own paper money to account for the shortage of actual gold and silver. The paper money was called Colonial_Scrip. The Colony issued "bills of credit", which were as good as gold or silver coins because of their legal tender status. Since they were issued by the government and not a banking institution, it was an interest-free proposition
In 1791, congress passed a bill setting up the Bank of the United States. The government deposited the money it collected in taxes in the bank. The Bank of the United States issued paper money and made loans to farmers and businesses.
bonds were issued by the government to raise money during WW1
1863
government bonds.
Issued Bonds
money that can not convertible into the Gold and Silver like paper and coins money issued by Government.
The government issued War Bonds to help raise money
issued bonds
Fiat money. This is money that has no tangible value. An alternative is gold, which in itself has tangible value.
B. legal tender act
it issued government bonds and securities
War bonds are government backed bonds issued when there's a war because wars are expensive and the government fighting the war needs a lot of liquid money very quickly.
Fiat money is the term used to describe money that has it's value determined by the law or government. This means that most currencies are fiat money as most currencies are government issued.