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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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