Which one of the following statements correctly describes the meaning of legal tender money ?
a
The money which is tendered in courts of law to defray the fee of legal cases
b
The money which a creditor is under compulsion to accept in settlement of his claims
c
The bank money in the form of cheques, drafts, bills of exchange, etc.
d
The metallic money in circulation in a country
Money & BankingLegal Tender MoneyLegal tender moneycreditorcompulsion to acceptsettlement of claimsbank moneychequesmetallic money