Question

Fait money is same as fiduciary money if Yes then why

Answer 1

Answer:

Fiat money refers to money backed by order or authority of the government. ... 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.

MARK ME BRAINLIEST