Question : Paper money is also called ___________.
Option 1: Local money
Option 2: Bank money
Option 3: Fiat money
Option 4: None of the above
Answer (1)
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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