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MA
Question Practice

Why can't individuals legally refuse a payment made in the local currency in India?

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

Why can't individuals legally ...

Single Answer MCQ
Q-00015861

Why can't individuals legally refuse a payment made in the local currency in India?

1

It is based on personal agreements.

2

Because of the laws governing currency.

3

It creates trust in transactions.

4

Because of market fluctuations.

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