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

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CollectorBabu · Accepted Answer

Correct Answer: The money which a creditor is under compulsion to accept in settlement of his claims. Legal Tender Money ● The money which a creditor is under compulsion to accept in settlement of his claims. ● Legal tender is legal status given to an instrument like currency note that it can be used as medium of payment.

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

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