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What is meant by legal tender money? - Economics

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प्रश्न

What is meant by legal tender money?

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उत्तर

Legal tender money consists of currency notes and coins issued by a country’s monetary authority. It functions as money based on the government's directive. As legal tender, it must be accepted by everyone as a medium of exchange for goods and services.

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पाठ 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [पृष्ठ ४७८]

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फ्रँक Economics [English] Class 12 ISC
पाठ 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 172. | पृष्ठ ४७८
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