What type of currency is issued by the central bank?

CA Foundation · Business Economics · PYQS · September 2024
What type of currency is issued by the central bank?
(A) A. Digital money
(B) B. Commodity money
(C) C. Fiat money
(D) D. Representative money

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Fiat money

Topics: Money Market

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