Which of the following is a legal tender?

  • A bank notes
  • B bank overdrafts
  • C bills of exchange
  • D money order
waec 2010economics

The correct answer is A. bank notes

Legal tender is the valid money used for payment of the debt and also recognised by the law of the land.  It is a negotiable promissory note which one party can use to pay another party a specific amount of money.

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