What does legal tender mean quizlet? Legal tender is.the medium of exchange that must be accepted as money for purchases and as payment for debts. What is the difference between money and currency? The major difference between Money vs Currency is thatmoney is entirely numericali.e. it's ...
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Meanwhile, some currencies, notably the U.S. dollar, are considered legal tender in countries that issue no currencies of their own. Ecuador, which does not issue a legal currency, has used the U.S. dollar as its legal tender since 2000.8This practice of using the U.S. dollar as a cou...
What Does the Term "Hard Money" Mean for Political Contributions? In politics, "hard money" isdonated directly to a politicianor a political action committee. Hard money contributions carry limitations and regulations, including the amount contributed and the use of the funds. By comparison, donati...
What are the requirements to be a guarantor? The primary purpose of the legal reserve requirement is to What is IRR? What is a demand deposit? What does the term "reserve" mean? Should a reserve amount be included in a project proposal? Explain your answer. ...
tender . 1) v.to present to another person an unconditional offer to enter into a contract . 2) v. to present payment to another. What does tender amount mean? The Tendered Amount isthe total dollar amount of the payment made by any combination of cash, check(s), and/or credit/debit...
13.6. No waiver.If we fail to insist that you perform any of your obligations under these Terms, or if we do not enforce our rights against you, or if we delay in doing so, that will not mean that we have waived our rights against you and will not mean that you do not have to ...
So, how does it work? Digital transactions are stored in a digital “block” (sort of like a ledger entry) that’s added to a previous “chain” of blocks; hence the term blockchain. Each block has a unique “hash,” like a signature or identification code, and a time stamp to ...
The term "fiat" is a Latin word that's often translated as "it shall be" or "let it be done." Fiat currencies only have value because the government maintains that value. There's no utility to fiat money in itself. Governments would mint coins out of a valuable physical commodity such...