No products in the cart.

What is non circulating legal tender 

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

What is non circulating legal tender 

  • 1 answers

Sahdev Sharma 6 years, 8 months ago

Non-circulating legal tender (NCLT) refers to coins that are theoretically legal tender and could circulate but do not because their issue price, and/or their melt value at the time of issue is significantly above the arbitrary legal tender value placed thereon.

http://mycbseguide.com/examin8/

Related Questions

Components of domestic territory
  • 1 answers
Why does circular flow of money never stop?
  • 1 answers
Economics sample paper answer
  • 0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App