Economics · Macroeconomics
What is meant by 'Legal Tender Money'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Money that is exclusively issued by the central bank
- 2Money that has been given legal sanction by the government and cannot be refused for debt settlement✓
- 3Money against which demand drafts and checks can be legally issued
- 4Money that is accepted easily by the general public in routine
Correct answer
Money that has been given legal sanction by the government and cannot be refused for debt settlement
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