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Consider the following statements:(1) Fiat money is a term used for Gold coins.(2) Currency Deposit Ratio is the proportion of the totaldeposits commercial banks keep as reserves. Which ofthe above statements is/are correct?

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Consider the following statements:(1) Fiat money is a term used for Gold coins.(2) Currency Deposit Ratio is the proportion of the totaldeposits commercial banks keep as reserves. Which ofthe above statements is/are correct?






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