Talk:Legal tender

I'd like to give an example so that it's easy for people to visualise.

For example, a US dollar note costs less than a US dollar to PRODUCE, therefore the face value (actual cost) is less than US$1. But it can buy something off a shelf for US$1 because the government dictates that this US$1 paper note has a value of US$1.

The US$1 note is a fiat money.