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
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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
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