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Legal tender money defination

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Legal tender money defination
  • 2 answers

Zainul Aabdeen 6 years, 2 months ago

Currency notes and coins that do not have intrinsic value like a gold or silver are called legal tenders

Gaurav Seth 6 years, 2 months ago

Legal tender money  is defined as follow:

Money which can be legally used to make payment of debts or other obligations is termed as legal tender money. A creditor is obliged by law to receive such money in payment of debt due to him.

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