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Commerce · Q445

Business Finance

Graduate and Post Graduate · Commerce · question 445

Q445

In the Fiat system

A.
Currency notes issued carry more value than the material used in them
Answer
B.
Automatic demonetization takes place
C.
Currency notes issued carry the same value equal to the material used in them
D.
They are issued by private banks

Answer: Option A

Solution

Answer: Option A
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