![It's a slow day in a small country village... [668x1082 - 105KB]](https://pic8.co/sh/g9aQ1I.png){kind=link}
This is not an example of fiat currency. This is an example of accounting / basic math. Everyone in this scenario is both owed and owes the same amount. Of course it all cancels out.
A fiat currency example would be if the hotel owner were lending money and making interest off the contents of the safe that were not his.
This is not an example of fiat currency. This is an example of accounting / basic math. Everyone in this scenario is both owed and owes the same amount. Of course it all cancels out.
A fiat currency example would be if the hotel owner were lending money and making interest off the contents of the safe that were not his.
(post is archived)