Examveda

In the Fiat system

A. Currency notes issued carry more value than the material used in them

B. Automatic demonetization takes place

C. Currency notes issued carry the same value equal to the material used in them

D. They are issued by private banks

Answer: Option A


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Match List-I with List-II and select the correct answer:

List-I List-II
a. Modigliani Miller approach 1. Commercial papers
b. Net operating income approach 2. Working capital management
c. Short-term money market instrument 3. Capital structure
d. Factoring 4. Arbitrage

A. a-4, b-3, c-1, d-2

B. a-3, b-4, c-1, d-2

C. a-2, b-3, c-1, d-4

D. a-3, b-2, c-4, d-1