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Legal tender money are those that are sanctioned legally, Since it ensure the acceptability of money. That is any amount of debt may be paid by the money. Generally legal tender money includes each motes (with high face worth) and cash (with much less face value). Here the notice have the quality of limitless legal tender whereas cash lack. That is coins can’t used to pay big amounts, it creates difficulties. In such a case the money receiver can reject the fee. So, it exhibiting the restricted authorized tender of the money.
This is the second version of the quantity theory … Read more