Question : Which of the following is not a type of money?
Option 1: Commodity money
Option 2: Fiat money
Option 3: Credit money
Option 4: Debt money
Answer (1)
19th Jan, 2024
Correct Answer: Debt money
Solution : The correct answer is (d) Debt money.
Debt money is not a type of money. It is a form of credit, which is a promise to pay money in the future. Debt money is not a medium of exchange, a unit of account, or a store of value.
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