Which of the following are correct about RBI’ role as a Monetary Authority?

1.    ‘The notes issued by RBI’ is a form of fiat money but the note bears a promissory clause by the RBI governor.

2.    For every currency note that RBI prints, there is an equivalent amount of government securities that they keep.

3.    Coins are issued by Government of India under Coinage Act, 2011 and are distributed by RBI.

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