10:[["$","title","0",{"children":"CUET Economics - Which of the following is not true about currency notes and coins? | PYQs + Solutions | AfterBoards"}],["$","meta","1",{"name":"description","content":"undefined Option 1 -> Currency notes and coins are fiat money issued by government authority. Option 2 -> They are <=gally recognized as valid payment methods by law. Option 3 -> Modern currency is made of paper/base metals and lacks intrinsic value unlike precious metals. Option 4 -> As <=gal tender, they must be accepted for all transactions.

Hence, Option 3: They have intrinsic value like gold and silver -> Currency notes and coins are fiat money, meaning their value is derived from government decree and public trust, not from the material they are made of. Unlike gold and silver which have intrinsic value due to their precious metal content, modern currency is made from paper and base metals that have minimal material worth. This is the fundamental difference between commodity money (like gold/silver coins) and fiat money (modern currency). -> correct"}],["$","link","2",{"rel":"manifest","href":"https://www.afterboards.in/manifest.json","crossOrigin":"$undefined"}],["$","meta","3",{"name":"keywords","content":"CUETECO,ECO,Macro,Money & Banking"}],["$","meta","4",{"name":"robots","content":"index, follow"}],["$","meta","5",{"name":"category","content":"education"}],["$","meta","6",{"name":"google-site-verification","content":"google"}],["$","meta","7",{"property":"og:title","content":"CUET Economics - Which of the following is not true about currency notes and coins? | PYQs + Solutions"}],["$","meta","8",{"property":"og:description","content":"undefined Option 1 -> Currency notes and coins are fiat money issued by government authority. Option 2 -> They are <=gally recognized as valid payment methods by law. Option 3 -> Modern currency is made of paper/base metals and lacks intrinsic value unlike precious metals. Option 4 -> As <=gal tender, they must be accepted for all transactions.

Hence, Option 3: They have intrinsic value like gold and silver -> Currency notes and coins are fiat money, meaning their value is derived from government decree and public trust, not from the material they are made of. Unlike gold and silver which have intrinsic value due to their precious metal content, modern currency is made from paper and base metals that have minimal material worth. This is the fundamental difference between commodity money (like gold/silver coins) and fiat money (modern currency). -> correct"}],["$","meta","9",{"property":"og:url","content":"https://www.afterboards.in/past-year-questions/cuet-economics/2025/slot-4/45"}],["$","meta","10",{"property":"og:site_name","content":"AfterBoards | CUET Economics Preparation"}],["$","meta","11",{"property":"og:image","content":"https://www.afterboards.in/pyp/AfterBoards%20CUET%20Past%20Year%20Papers%20with%20Solutions.webp"}],["$","meta","12",{"property":"og:type","content":"website"}],["$","meta","13",{"name":"twitter:card","content":"summary_large_image"}],["$","meta","14",{"name":"twitter:site","content":"afterboards.in"}],["$","meta","15",{"name":"twitter:title","content":"CUET Economics - Which of the following is not true about currency notes and coins? | PYQs + Solutions"}],["$","meta","16",{"name":"twitter:description","content":"undefined Option 1 -> Currency notes and coins are fiat money issued by government authority. Option 2 -> They are <=gally recognized as valid payment methods by law. Option 3 -> Modern currency is made of paper/base metals and lacks intrinsic value unlike precious metals. Option 4 -> As <=gal tender, they must be accepted for all transactions.

CUET Economics 2025 15 May Shift 1 PYQs

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