Advertisements
Advertisements
प्रश्न
Money whose value as a commodity is equal to its face value is called:
पर्याय
Credit money
Full bodied money
High powered money
Legal tender money
उत्तर
Full bodied money
Explanation:
Full-bodied money is money that has the same basic value as its face value. Examples include gold or silver coins, where the material required to manufacture the coin is equal to the denomination written on it.
APPEARS IN
संबंधित प्रश्न
Currency and ______ are two modern forms of money.
Who regulates money supply in India?
Which of the following agency is responsible for issuing ₹ 1 currency note in India?
Which of the following institutions is authorised to issue currency in India?
Which one of the following is not a modern form of money?
Indian rupee is legal tender.
______ are termed as Legal Tender Money.
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Bank money is legal tender money.
Reason (R): Cheques drawn on demand deposits can be refused by anyone as a mode of payment. Hence, demand deposits (i.e. bank money) are not legal tenders they are optional.
Why is money referred to as legal tender?
Distinguish between fiat money and bank money.
