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What is a ‘legal tender’?

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प्रश्न

What is a ‘legal tender’? 

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उत्तर

'Legal tender’ refers to the currency notes and coins being issued by the monetary authorities of India (RBI and the government of India) as a legal medium of payment.

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अध्याय 3: Money And Banking - Exercises [पृष्ठ ५०]

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एनसीईआरटी Economics Introductory Macroeconomics [English] Class 12
अध्याय 3 Money And Banking
Exercises | Q 5. (i) | पृष्ठ ५०
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