Legal tender money class 12
NettetA legal tender is a medium of payment which is accepted by a legal system for making payments in order to meet the financial obligation. It is a form of payment that is … NettetLegal Tender Money – This money cannot be denied in the settlement of the monetary obligation Limited Legal Tender Money: It is compulsory to accept up to a certain limit …
Legal tender money class 12
Did you know?
NettetA legal tender money B non-legal tender money C limited legal tender money D full bodied money Medium Solution Verified by Toppr Correct option is B) Optional money refers to non-legal tender money which do not enjoy any statutory backing but it is generally accepted by the people in final payments and in settlements of cash … Nettet23. mai 2024 · The following notes and coins are legal tender. New 100-krone note (series VIII) Main motif: The Gokstad ship. About the new 100-krone note. New 200-krone note (series VIII) Main motif: A cod. About the new 200-krone note. New 50-krone note (series VIII) Main motif: Utvær Lighthouse.
Nettet3 timer siden · Subscriptions come to Twitter. Twitter users can now charge for access to their content. The technical aspects of the plan aren’t clear yet, but for the first 12 months, Twitter won’t keep any ... NettetMoney that has a legal sanction by the government behind it, is called legal tender or legal tender money. It is money issued by monetary authority or the government which …
NettetFind many great new & used options and get the best deals for 1917 $1 One Dollar Legal Tender Fr 37 PMG Choice VF 35 ... *$35.64 for 12 months. Minimum purchase required. See terms and apply now - for PayPal ... You are covered by the eBay Money Back Guarantee opens in a new tab or window if you receive an item that is not as described … NettetAns. Legal tender money is the money that, by law, must be accepted as a medium of exchange and payment for debt by the citizens of a country. It cannot be refused by …
NettetLegal tender or legal money means money under the law of land. It is the money issued by monetary authority or government which cannot be refused by any person in payment … tinned crab ukNettet13. jun. 2024 · Legal tender is anything recognized by law as a means to settle a public or private debt or meet a financial obligation, including tax payments, contracts, and legal … passing a pointer to a function c++Nettet4. sep. 2024 · What is Money in economics class 12? In general terms, money is anything that is commonly accepted when you buy things from others. It is a legal tender by law and has to be accepted in the settlement of economic transactions. But, what we are here today is to define the money as per the syllabus of class 12. tinned crab recipeNettet6. apr. 2024 · Supply of Money. In the Class 12 Macroeconomics Chapter 3 Notes, ‘supply of money’ refers to the aggregate stock of money (currency notes, coins and demand deposit of banks) in the distribution or are held by the public at a certain point of time. The cash balance held by Central or State Govt and stock of money acquired by the … tinned crab meat at asdaNettetIndia at present follows the Paper Currency Standard because here standard currency is made of paper. This is also referred to as Managed Currency Standard as any amount of notes can be issued with the minimum backup of gold worth र 115 crores. Remember, a monetary system refers to the form of standard money used in the economy. It is legal … passing a police car lawNettet(ii) Unlimited legal tender. It is the money which a person has to accept up to any limit. There is no limit to quantity of money offered in payment. For example in India, paper … passing a pointer to a function in cNettet6. aug. 2024 · money; class-12 +1 vote. 1 answer. One rupee Indian coin is called "limited legal tender" because. asked Jun 19, 2024 in Economics by Annu Priya (21.3k points) class-12; money and banking; cbse; 0 votes. 1 answer. Distinguish between: Legal Tender Money and Non-Legal tender Money. asked Dec 24, 2024 in Economics by … tinned creamed corn