Economy, asked by karticgandhi, 11 months ago

Why Bill of Exchange is not a fiduciary money

Answers

Answered by IsitaJ07

8

HEYAA!!

Answer:

=> fiduciary money, it is not declared as legal tender by the government, which means people are not required by law to accept it as a means of payment. Instead, the issuer of fiduciary money promises to exchange it back for a commodity or fiat money if requested by the bearer.

THANKS!!✌️❤️☺️

Answered by as8ab0

2

Answer:

it cannot be used as currency for trade

Explanation:

(limitation boundaries are set) hence fiduciary money

Previous Question

Next Question

Similar questions

Math, 6 months ago

find(xy-z)(xy-z) using algebric identities pls ans it's urgent ...

Social Sciences, 6 months ago

Please answer fast it's urgent ...

English, 6 months ago

conversations between donky and dog...

English, 11 months ago

Write a letter on "You were held up in the country one night due to a railway accident. Write a letter to your friend narrating the incident. Drag and drop the appropriate options to complete the letter."...

Biology, 11 months ago

1. Which one of the following contains dead cells? a) Parenchyma b) Collenchyma c) Meristematic tissue d) Xylem...

Math, 1 year ago

Hey everyone kindly answer my question :- Find the equation of the line passing through (-5,7) and parallel to x - axis and y- axis...

Social Sciences, 1 year ago

information about kanti velugu pathakam...

Political Science, 1 year ago

Except indiname countries where federalism is practised holding together...