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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