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Question Practice

What does the term 'legal tender' mean in the context of money?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 10
Social Science
Understanding Economic Development
MONEY AND CREDIT
Question Bank

What does the term 'legal tend...

Single Answer MCQ
Q-00015859

What does the term 'legal tender' mean in the context of money?

1

Currency that must be accepted for debts.

2

Money that can be used freely across borders.

3

Inflation-adjusted currency.

4

Coins with historical significance.

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