What does it mean for currency to be considered legal tender?
It is a type of digital currency
It is recognized by law as an acceptable means of payment for debts and taxes
It is a type of currency used only in certain countries
Which of the following is an example of legal tender in the United States?
U.S. dollar bills
Legal tender laws vary by:
Type of currency
Both a and b
What is money?
Money is any object or record that facilitates transactions between buyers and sellers.
What is the definition of legal tender?
When a currency is considered "legal tender," it means that it is recognized by law as an acceptable means of payment for debts and taxes.