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      Question

      Which one of the following statements correctly

      describes the meaning of legal tender money?
      A The money which is tendered in courts of law to defray the fee of legal cases Correct Answer Incorrect Answer
      B The money which a creditor is under compulsion to accept in settlement of his claims Correct Answer Incorrect Answer
      C The bank money in the form of cheques, drafts, bills of exchange, etc. Correct Answer Incorrect Answer
      D The metallic money in circulation in a country Correct Answer Incorrect Answer

      Solution

      Legal tender money refers to currency that must be accepted by creditors for settling debts.

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