please explain the pros and cons of having a fiat currency is it safer than a gold and or silver backed currency do most fiat currencies experience hyperinflation

Please explain the pros and cons of having a fiat currency. Is it safer than a gold and / or silver backed currency? Do most fiat currencies experience hyperinflation?

This 2-3 page paper should be in APA format.

Please read (scan through) the last few chapters of your textbook. I will post some information as well.

 

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