Paper money is called fiat money because

Related MCQs

• Which property the paper money does not possess:
• Legal money is called so because
• According to the Quantity Theory of Money, the value of money depends upon
• Who stated, “Bad money drives good money out of circulation, when both of them are full legal tender”?
• Who stated, “Money is what money does”?
• If the quantity of money increases 100%, other things remaining constant, value of money changes by
• Value of money and supply of money are related
• Which among the following is called the rate of interest charged by RBI for lending money to various commercial banks by rediscounting of the bills in India?
• When both prices and money income fall, the situation is called
• Bank rate policy is not very effective because-