Any circulating money which has little real value relative to its monetary value is called
A) credit money
B) representative full-bodied money
C) full-bodied money
D) reserve money

Question

Quizplus · Accepted Answer

Credit money refers to currency or money that has no intrinsic value and is not backed by any physical commodity or asset. Its value is based upon the trust placed in the issuer, usually a government or central bank.

Any Circulating Money Which Has Little Real Value Relative to Its