MCQOPTIONS
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| 1. |
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 feel of legal cases |
| B. | The money which a creditor is under compulsion to accept in settlement of his claims |
| C. | The bank money in the form of cheques, drafts, bills of exchange, etc. |
| D. | The metallic money in circulation in a country |
| Answer» C. The bank money in the form of cheques, drafts, bills of exchange, etc. | |