Legal tender serves several purposes. It's used by market participants to fulfill the functions of money in the economy as a medium of indirect exchange, a unit of account, a store of value, and a standard of deferred payment. Proponents of legal tender laws argue thatmarkets generally failt...
Money can be construed as a financial obligation mandated by the government as legal tender, obliging producers or vendors to sell goods in exchange for currency such as coins and banknotes. Obligation and Personal Finance Obligations are an important aspect of personal finance. Every budget should ...
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At last their depreciation reached a point where their acceptance was generally refused and silver was imported for commercial needs, when the government suspended their legal tender quality and allowed them to disappear. 0 0 He allowed the rightful heir to the empire, Manco, the legitimate son...
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1. Any money declared by a government to be legal tender. 2. State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.” “ 3. Intrinsically valueless money used as money because of government decree. ...
: to coin into money also : to establish as legal tender 2 : to purchase (public or private debt) and thereby free for other uses moneys that would have been devoted to debt service 3 : to utilize (something of value) as a source of profit More...
May, we in front of the legal tender can have for you inspects does not have the question only then you who delivers goods to you to can rest assured that that, we do not wrap the wooden crate and the transport expense.Sends to China's warehouse is any address.How do I have to ...
As a dependable waitress and manager with 7 years of experience running the front-of-house in a 5-star restaurant, I was happy to see your ad for a waitstaff manager at Legal Seafoods. Legal Seafoods’ reputation for excellence is based on its passion to deliver the highest quality product...