Economics · Money and Banking
What is meant by a 'fiduciary issue' of currency?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Currency issue backed 100% by foreign exchange reserves
- 2Issue of silver standard tokens
- 3Issue of coins backed entirely by gold standard
- 4Issue of currency notes without gold or silver backing, based on trust✓
Correct answer
Issue of currency notes without gold or silver backing, based on trust
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