Economics · Money and Credit
Given below are two statements about modern forms of money. Read them carefully and choose the correct answer from the given options: Statement (I): It is not made up of precious metals. Statement (II): It is of use on its own.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement (I) is false but Statement (II) is true
- 2Statement (I) is true but Statement (II) is false✓
- 3Both Statement (I) and Statement (II) are false
- 4Both Statement (I) and Statement (II) are true
Correct answer
Statement (I) is true but Statement (II) is false
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