Which one of the following statements correctly describes the meaning of legal tender money?...

Question

Which one of the following statements correctly describes the meaning of legal tender money?

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Answer

The bank money in the form of cheques, drafts, bills of exchange, etc.

Answer

The metallic money in circulation in a country

Answer

The money which a creditor is under compulsion to accept in settlement of his claims

Answer

The money which is tendered in courts of law to defray the fee of legal cases