2. Questions Bank
  3. 12th Class
  4. Economics
  5. Money And Banking

12th Class Economics Money And Banking Question Bank MCQs - Money and Banking

  • question_answer
    ............ money refers to the money backed by the authority of the government.

    A) Legal

    B) Fiat

    C) Authorised

    D) Allot these

    Correct Answer: B

    Solution :

    Fiat money refers to the government-authorised money not backed by any equivalent assets.


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