Fiat money is a medium of exchange but not a unit of account. Thus, option (c) is correct.
The term “money” refers to the exchange of goods and services. The currency is the currency of the country. Different countries have different currencies. Usually, money looks like paper notes and coins.
According to the fiat money is a type of currency is the medium of exchange that is declared legal sensitive by a government, but not a unit of account.
Therefore, option (c) is correct.
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