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Wednesday, 08 April 2026
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Fiduciary issue is that part of?

Fiduciary issue is that part of?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The issue of notes backed entirely by gold
  • B A country's currency that is not negotiable
  • C The issue of notes not backed by gold
  • D A country's currency officially issued
Correct Answer: Option C
Explanation:
The fiduciary issue is that portion of a note issued by the government that is not matched by government
holdings of gold or other securities or that part of a note that lacks the backing of metal or coin or assets capable of being converted into coin.

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