which of the following is credit money
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Correct option is d) All of the above
Explanation for correct option:
- Any monetary claim that can be made against anybody in future is termed as credit money.
Since, all of the given options can be claimed in the future, including
- a) Token money
- b) Circulating promissory notes by government
- c) Demand deposit in the bank
Therefore, option d) all of the above is correct
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Complete question is
Which of the following are credit money?
a) Token money
b) Circulating promissory notes by government
c) Demand deposit in the bank
d) All of the above
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