MCQOPTIONS
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| 1. |
Which of the following is a currency established as money by government regulation or law but it is not backed by any commodity, such as gold, silver etc., but only by the faith of the bearer? |
| A. | Commodity Money |
| B. | Representative Money |
| C. | Fiat Money |
| D. | fiduciary currency |
| Answer» D. fiduciary currency | |