Banking General Awareness Money Market and Capital Market Question Bank Practice Questions - Money Supply

  • question_answer
    Currency notes and coins are called Fiat money because

    A)  they do not have intrinsic value like gold or silver.

    B)  they are made on special imported paper.

    C)  they are printed by government.

    D)  they exchange for goods and services.

    E)  None of these

    Correct Answer: A


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