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प्रश्न
Why are coins and currency notes in India called fiat money?
पर्याय
Their value equals the metallic content
Their value is fixed by international markets
They have value because of government order
They are freely convertible into gold
MCQ
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उत्तर
They have value because of government order
Explanation:
Fiat money derives its value from government authority, not from intrinsic metallic worth, and Indian coins and notes are examples of such money.
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