If money is acceptable because the government requires that it be accepted in payment for debt,the money is
A)legal tender
B)commodity money
C)guaranteed to be a good store of wealth
D)convertible to a valuable commodity
E)subject to Gresham's Law

Question

Quizplus · Accepted Answer

Legal tender is money that is accepted by law as a means to settle debts, which means it must be accepted if offered as payment for a bill, tax, or other financial obligation. This requirement gives legal tender its value and acceptance, making it a form of money.

If Money Is Acceptable Because the Government Requires That It