Economics · Economics

What is 'Legal Tender'?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1A check that can be dishonored.
2Money that is legally accepted by the government.✓
3Money issued by the Reserve Bank of India.
4Money that the general public accepts.

Correct answer

Money that is legally accepted by the government.

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What is 'Legal Tender'?

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