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Question
Match the correct pairs of items in Column 1 and Column 2.
| Column 1 | Column 2 |
| (1) Token money | (a) Which cannot be converted into gold |
| (2) Fiat money | (b) Money the face value of which is more than its intrinsic value |
| (3) Limited legal tender | (c) Money which is accepted as legal tender upto a particular amount |
| (4) Inconvertible money | (d) Money which is issued on the order of the government |
Match the Columns
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Solution
| Column 1 | Column 2 |
| (1) Token money | (b) Money the face value of which is more than its intrinsic value |
| (2) Fiat money | (d) Money which is issued on the order of the government |
| (3) Limited legal tender | (c) Money which is accepted as legal tender upto a particular amount |
| (4) Inconvertible money | (a) Which cannot be converted into gold |
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