Question
Economics Question on Business and Economy
Which of the following is not true about currency notes and wins in circulation in an economy ?
A
They are legal tenders
B
They are called fiat moneyThey are legal tenders
C
They have intrinsic value
D
They do not have intrinsic value
Answer
They have intrinsic value
Explanation
Solution
The correct option is (C) :They have intrinsic value