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What is a 'legal tender'? What is 'fiat money?

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Legal tender money refers to money which can be legally used to make payment of debts or other obligations.
Fiat money is defined as the money which is under the fiat or order from the government to act as money, i.e., under law, it must be accepted for all debts.

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What is a 'legal tender'? What is 'fiat money?
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With reference to Fiat Money, consider the following statements:
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Distinguish between Legal Tender Money and Credit Money or Bank Money.
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