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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
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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.
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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?
______ 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): Currency and bank money are the two modern forms of money.
Reason (R): Currency is high powered money.
Match the following:
| Column I | Column II | ||
| A. | Currency | (i) | Something which is commonly used as medium of exchange |
| B. | Bank money | (ii) | Currency and demand deposits |
| C. | Money | (iii) | Bank demand deposits |
| D. | Modern form of money | (iv) | Paper notes + coins |
Why is money referred to as legal tender?
Distinguish between fiat money and bank money.
