Economy, asked by jenthai73, 6 months ago

explain fiduciary money.​

Answers

Answered by ny67727gmailcom
1

Explanation:

Fiduciary money refers to money backed up by trust between the payer and payee. Example: Cheques are fiduciary money as these are accepted as a means of payment on the basis of trust but not on the basis of any order of the government.

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