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What is a legal tender

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What is a legal tender
  • 3 answers

Yogita Ingle 5 years, 2 months ago

The currency issued by the monetary authority is known as legal tender money. It implies that the values of such currency notes and coins are backed by the monetary authority. Fiat money becomes the legal tender when it is backed by the monetary authority.

Apeksha Gurjar 5 years, 2 months ago

To be* accepted

Apeksha Gurjar 5 years, 2 months ago

It refers to currency on which there is legal obligation to accepted by everyone.
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