A bank note is said to be a legal tender because it is
A bank note is said to be a legal tender because it is
Printed by government
A store of value
Signed by the head of state
Backed by law
Correct answer is D
National banknotes are generally legal tender, meaning that medium of payment is allowed by law or recognized by a legal system to be valid for meeting a financial obligation.
The largest component of national income in developing countries consist of ...
The savings deposit in a commercial bank is called ...
A commercial bank is unique in that it is the only institution that ...
If commodity X is a by-product of commodity Y, this implies that both commodities are ...
When the production possibility curve shifts outwards, the economy experiences ...
The main source of government revenue in Nigeria is ...