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

  • question_answer
    Cheques are examples of............ money.

    A) Fiduciary

    B) Legal

    C) Fiat

    D) None of these

    Correct Answer: A

    Solution :

    Fiduciary money refers to the money which is backed by the trust between payer and payee and not by any government.


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