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Question : Which of the following is not a type of money?

 

Option 1: Commodity money

 

Option 2: Fiat money
 

Option 3: Credit money

 

Option 4: Debt money


Team Careers360 17th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Debt money


Solution : The correct answer is (d) Debt money.

Debt money is not a type of money. It is a form of credit, which is a promise to pay money in the future. Debt money is not a medium of exchange, a unit of account, or a store of value.

 

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