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New Forms of Money

Which of the ...

Question

Which of the following defines fiat currency?

A

Their value is fixed by the government.

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B

The intrinsic value is different from the face value.

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C

It is declared legal tender.

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D

None of the above

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Solution

The correct options are
A
Their value is fixed by the government.

B
The intrinsic value is different from the face value.

C
It is declared legal tender.

All the given properties define fiat currency.

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Similar questions

Q. With reference to Fiat Money, consider the following statements:
1) It is the money declared by a government to be legal tender.
2) It is the money without intrinsic value.
3) It is the state issued money which is neither legally convertible to any other thing, nor fixed in value terms of any objective standard.
Which of the statements given above is/are correct?

Q. Consider the following statements:

Which of the statements given above is/are incorrect?

1 and 3 only
1, 2 and 3
2 and 3 only
1 only

Q. Q. Consider the following statements, with respect to ‘Fiat money’.Which of the statements given above is/are incorrect?

1 only
2 only
Both 1 and 2
Neither 1 nor 2

Q. Q. Consider the following statements about Fiat Money with regard to Indian economy.Which of the above given statements is/are correct?

Q. भारतीय अर्थव्यवस्था के संबंध में फिएट मनी के बारे में निम्नलिखित कथनों पर विचार करें:

आंतरिक मूल्य वाले भौतिक वस्तु द्वारा धन का बैकअप नहीं लिया जाता है।
इसे आर्थिक लेनदेन के लिए कानूनी निविदा के रूप में घोषित किया गया है।
क्रिप्टोकरेंसी को फिएट मनी माना जाता है।

उपर्युक्त कथनों में से कौन से सही हैं ?

1 and 2 only
केवल 1 और 2
2 and 3 only
केवल 2 और 3
1 and 3 only
केवल 1 और 3
1, 2 and 3
1, 2 और 3

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?

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