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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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