Advertisements
Advertisements
Question
What is meant by legal tender money?
Short Answer
Advertisements
Solution
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.
shaalaa.com
Is there an error in this question or solution?
Chapter 22: Model Short Answer Questions - MODEL SHORT ANSWER QUESTIONS [Page 478]
