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QThe type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as:

ID: #19794 Pakistan Economy 48 views
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#19794Q ID
ModerateDifficulty
Pakistan EconomyTopic
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  • A Soft money ✔ ✖
  • B Hard money ✔ ✖
  • C Fiat money ✔ ✖
  • D None of the above ✔ ✖
Correct Answer: Option C

Explanation

Fiat money
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