In Nigeria, cheques are not money because?

a

their use is confined to business houses

b

there are no banks in rular areas

c

they are not legal tender

d

they are not generally acceptable as a medium of exchange

e

most Nigerians cannot identify them

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Explanation

Correct Option
c

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Discussions (6)

Ade9
9 years ago

Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation......

Paper money and coins are legal tender...

Titilayo3491
9 years ago

pls.....explain y d and is C instead of D

Dwise12
8 years ago

Hmm don't ds ans is rit

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