Money is generally acceptable for transaction due to

Commerce

JAMB 2018

A. The rule of the law
B. Its acceptability in the global market
C. The legal backing
D. The central bank’s Governor’s signature

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Correct Answer: Option C

Explanation

Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation

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Money is generally acceptable for transaction due to

Correct Answer: Option C

Explanation

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