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That part of the money in circulation not backed by gold is known as?
Classroom
Commerce Classroom
Waec
Waec 1991
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That part of the money in circulation not backed by gold is known as?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Exchange equalization fund
B
Fiduciary issue
C
Note and coins
D
Ordinary note issue
E
Fictitious assets
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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