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प्रश्न
______ refers to the currency notes and coins being issued by the monetary authorities of India (RBI and government of India) as a legal medium of payment.
पर्याय
Legal tender
Fiat money
Both Legal tender and Fiat money
None of the above
MCQ
रिकाम्या जागा भरा
उत्तर
Both Legal tender and Fiat money refer to the currency notes and coins being issued by the monetary authorities of India (RBI and government of India) as a legal medium of payment.
Explanation:
Lawful tender refers to the currency notes and coins that the Indian monetary authorities (RBI and government) have issued as a legal medium of payment.
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