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An issue of bank-notes not backed by gold but by government securities is known as?
Classroom
Economics Classroom
Jamb
Jamb 1998
Money And Inflation
Types, Characteristics And Functions Of Money
More Topics
An issue of bank-notes not backed by gold but by government securities is known as?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Fiduciary isssue
B
Guaranteed money
C
Seignior age
D
Legal tender
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Show Explanation
Correct Answer:
Option A
Explanation:
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