"Legal Tender Money" refers to :

Related MCQs

• Legal Tender Money is -
• Of all methods of payment, the recognized legal tender is:-
• In economics, Gold Standard is the monetary system where in all form of legal tender may be converted on demand, into fixed quantities of gold. In 1816, the first country to go on the gold standard was:
• The type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as:
• Bimetallism is the monetary policy based on the use of two metals, as legal tender without limit and equalized by law in a fixed ratio. Which are these two metals?
• A legal document between a lender and a borrower whereby the later agrees to certain conditions for the repayment of the sum of money borrowed; is called:
• "Bad money will drive out good money from circulation." This is known as :
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• The accumulation of idle money balances or inactive money is called:
• Bank money refers to -