Which one of the following statements correctly describes the meaning of legal tender money?

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Question:
Which one of the following statements correctly describes the meaning of legal tender money?

1.The money which is tendered in courts of law to defray the fee of legal cases

2.The money which a creditor is under compulsion to accept in settlement of his claims

3.The bank money in the form of cheques, drafts, bills of exchange etc.

4.The metallic money in circulation in a country

Posted Date:-2022-01-29 10:13:18

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