Advertisements
Advertisements
प्रश्न
What is meant by unlimited legal tender?
लघु उत्तरीय
Advertisements
उत्तर
- Unlimited legal tender refers to money that can be offered in any amount to settle a debt, and the creditor is legally bound to accept it.
- In India, currency notes and coins of higher denominations (like ₹10, ₹20, ₹50, ₹100, ₹500, and ₹2000) are examples of unlimited legal tender, as they can be used to make payments of any value without limit.
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
