A bank note is said to be a legal tender becaus... - WAEC Economics 2016 Question
A bank note is said to be a legal tender because it is
A
printed by government
B
a store of value
C
signed by the head of state
D
backed by law
correct option: d
National banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation.
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