Money which is accepted as a medium of exchange because of trust between the payer and the payee is called: [1]
A. Full bodied
B. Fiduciary
C. Credit
D. Fiat
Answer:B
Money which is accepted as a medium of exchange because of trust between the payer and the payee is called: [1]
A. Full bodied B. Fiduciary C. Credit D. Fiat