Economy : Monetary Policy
Q 13 / 29
Which one of the following statements correctly describes the meaning of legal tender money ?
A
The money which is tendered in courts of law to defray the fee of legal cases
B
The money which a creditor is under compulsion to accept in settlement of his claims
C
The bank money in the form of cheques, drafts, bills of exchange, etc.
D
The metallic money in circulation in a country