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      Question

      Which of the following is

      correct?
      A a) Fiat Money is more important than commodity money Correct Answer Incorrect Answer
      B b) Fiat Money is not backed by any government guarantee Correct Answer Incorrect Answer
      C c) 1 dollar note with you when you are in USA is a Fiat Money Correct Answer Incorrect Answer
      D d) All of them are correct Correct Answer Incorrect Answer

      Solution

      The correct answer is C

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