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    • Question : Paper money is also called ___________. Option 1: Local money Option 2: Bank money Option 3: Fiat money Option 4: None of ...
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    Question : Paper money is also called ___________.
     

    Option 1: Local money 
     

    Option 2: Bank money  
     

    Option 3: Fiat money 
     

    Option 4: None of the above 
     

    Team Careers360 5th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 8th Jan, 2024

    Correct Answer: Fiat money


    Solution : Paper money is also called fiat money.
    Fiat  money works  according to Government law and order.
    Hence option C is correct.

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