[Solved] Legal Tender Money is -

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Q.	Legal Tender Money is -
A.	accepted only by Government
B.	accepted by people and Government as per the law
C.	not accepted for business purposes by law
D.	not accepted by Government
Answer» B. accepted by people and Government as per the law
Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. So it is accepted by people and government on a legal basis. Paper currency and coins are common forms of legal tender in many countries.

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