MCQOPTIONS
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| 1. |
Which of the following statement is/are true about fiat money? |
| A. | Fiat money includes physical token like certificates |
| B. | Fiat money's value is not derived from any intrinsic value are relative value is based only on government order |
| C. | Fiat money can be converted in to valuable commodity (like gold) |
| D. | None of these |
| Answer» C. Fiat money can be converted in to valuable commodity (like gold) | |