This is among the important short question I was handed by my economics teacher in school for the final exams of 2021 – 2022 boards of class 12th. If in case it happens but must study from Class 12th NCERT solution for Economics.
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This is among the important short question I was handed by my economics teacher in school for the final exams of 2021 – 2022 boards of class 12th. If in case it happens but must study from Class 12th NCERT solution for Economics.
Fiduciary money is accepted as money in the basis of trust that the issuer orders not by the order of government.
For example
Cheques, Demand drafts, Bills of exchange and more. It is also called non legal tender. Simply because it is optional and receiver is not bound to accept it.