A legal tender is any

  • A form of money
  • B means of exchange authorized by the state
  • C commodity generally acceptable as a meduim of exchange
  • D total productivity of labour
  • E amount of goods and services that the wage can fetch
waec 1989economics

The correct answer is B. means of exchange authorized by the state

A legal tender is a form of money or means of exchange that is recognized by courts of law as satisfactory payment for any monetary debt.

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