Which of the following statement is/are true about fiat money?
A. Fiat money includes physical token like certificates
B. Fiat money's value is not derived from any intrinsic value are relative value is based only on government order
C. Fiat money can be converted in to valuable commodity (like gold)
D. None of these
Answer: Option B
This Question Belongs to Banking Awareness >> Banking Awareness Miscellaneous
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