Economics · Money and Banking
Which of the following is NOT an example of 'fiat' money?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A Rs. 100 currency note
- 2A Rs. 1 coin
- 3A Rs. 500 currency note
- 4A cheque of Rs. 1,000✓
Correct answer
A cheque of Rs. 1,000
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