Which of the following is a legal tender?
...Which of the following is a legal tender?
Bank notes
Bank overdrafts
Bills of exchange
Money order
Correct answer is A
Legal tender is the valid money used for payment of the debt and also recognised by the law of the land. It is a negotiable promissory note which one party can use to pay another party a specific amount of money.
External economies refer to the ...
If the demand for one commodity excludes another, it is said to be ...
If the government stops subsidy on cocoa production, the supply curve of cocoa will ...
The foreign exchange rate of a country is ...
Which of the following best describes the budget? A ...
In perfect competition, price is determined by the ...
An increase in cash ratio by the central bank will_______ ...