Home » Classroom » JAMB Commerce 2018 Question

Money is generally acceptable for transaction d... - JAMB Commerce 2018 Question

Money is generally acceptable for transaction due to

A
The rule of the law
B
Its acceptability in the global market
C
The legal backing
D
The central bank’s Governor’s signature
correct option: c

Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation

Please share this, thanks:

Add your answer

Notice: Posting irresponsibily can get your account banned!

No responses