Economics · Money and Banking
Fiat money derives its value mainly from which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Its underlying metallic backing
- 2International trade and clearing agreements
- 3Government declaration and legal acceptance✓
- 4The intrinsic cost of its physical production
Correct answer
Government declaration and legal acceptance
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Money and Banking MCQs →Want more practice questions on Money and Banking?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Money and Banking