Question : Paper money is also called ___________.
Option 1: Local money
Option 2: Bank money
Option 3: Fiat money
Option 4: None of the above
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.
Question : Bank draft is called ______________.
Question : The currency issued by the central bank is called ___________.
Question : The total amount of money cash, coins, and balances in bank is a part of __________.
Question : Whiich bank is called the bankers Bank?
Question : Which bank is called the bank of note issue?
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