Q446
Consider the following statements: 1. Fiat money has no intrinsic value, while the legal tender is any currency declared legal by a government. 2. Government can issue fiat currency and make it legal tender by setting it as the standard for debt repayment. Which of the statements given above is/are correct?
A.
1 and 2
AnswerB.
2 only
C.
1 only
D.
Neither 1 nor 2
Answer: Option A
Solution
Answer: Option A
No explanation is given for this question Let's Discuss on Board