BANK SBI Clerk Mock Test Series 2025 (Pre + Mains) Banking and Financial Awareness Basic Banking Concepts
What is Fiduciary Money?
1
Money whose value is equal to the value of material which it is made of.
2
Money whose value is decided on the confidence that it will be considered as medium of exchange.
3
Money that can be claimed against financial institutions that can be used to purchase goods and services.
4
More than one of the above
5
None of the above