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प्रश्न
Which statement correctly distinguishes demand deposits from currency notes?
विकल्प
Both are legal tender and must be accepted in payment
Demand deposits are legal tender, currency notes are not
Currency notes are legal tender, demand deposits are not
Neither demand deposits nor currency notes are legal tender
MCQ
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उत्तर
Currency notes are legal tender, demand deposits are not
Explanation:
Currency notes must be accepted in settlement of debts as legal tender, while cheques drawn on demand deposits can legally be refused.
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