Question

Any kind of money that a creditor must by law accept in payment for debts is called.

a. barter
c. legal tender
b. cash
d. tender money

Answer 1

not sure if the letters of the answers are out of order but the correct answer is C) legal tender

Answer 2

The answer is: C. Legal Tender

Legal tender refers to the medium of payment that can be used to pay debt which is acknowledge by law in a certain country. Legal tender usually different depending on the country , but it generally include things such as bank notes, IOU, coins, and paper money