Fiat Money has no intrinsic value

True

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False

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Solution

The correct option is A True

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Similar questions

Q.  Consider the following statements about Fiat money:

1. Their intrinsic value is much higher than the face value
2. They have very high liquidity

 Which of the above are correct?

Q.  Consider the following statements about commodity money:

1. Gold coins can be considered as commodity money
2. Value of commodity money is dependent on intrinsic value of money

 Which of the above are correct?

Q.  Dear money policy refers to :

Q.  All money bills are financial bills

If you bought a pen for  ₹5.50 and a notebook for  ₹20.75 and paid the shopkeeper  ₹30, then how much money will you get back?