CUET Economics - "In India every currency note bears on its face a promise from the Governor of the Reserve Bank of India(RBI) that if someone produces the note to RBI, or any other commercial bank, the RBI will be responsible for giving the person purchasing power equal to the value printed on the note. The same is also true of coins." These currency notes and coins are also known by which of the following type of money. | PYQs + Solutions | AfterBoards