CBSE BOARD X, asked by monishachinnu411, 1 year ago

difference between convertible and inconvertible paper money

Answers

Answered by Dhaval1234
1
Convertible, inconvertible and representative money are forms of what economists call paper money. Another form of paper money is fiat money. ... A commodity such as gold or silver does not back the value of fiat money, which is subject to devaluation due to economic crises such as hyperinflation.

Dhaval1234: mark as brainliest
Similar questions