Legal tender laws in the U.S. are inherently discriminatory. The reason is the fractionalized banking system. A bank in the U.S. can legally lend 10 times the money they have on deposit. This money (for every dollar they have, they can create nine dollars out of thin air) power grant...
Limited legal tender is a form of legal tender that can be used to pay a debt or used in exchange for goods and services, but only up until a certain...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer ...
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Legal tender has a very narrow and technical meaning in the settlement of debts. It means that a debtor cannot successfully be sued for non-payment if he pays into court in legal tender.
standard portrait of George Washington on the front and a state-specific image on the rear. These coins were issued in large numbers and circulate as legal tender. They have proven to be collectible but are expected to appreciate in value slowly due to the very large number placed into ...
There is an important subplot within this story that changes things for Felicity and her mom. I know others have mentioned it as does the synopsis but I don’t want to share more because I enjoyed it so much going in fresh. I loved the small part Felicity’s bunny Whiskers had and how...
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Legal tender is any form of payment recognized by a government, used to pay debts or financial obligations, such as tax payments. National currencies, such as the U.S. dollar, are legal tender. In the U.S., the Treasury is authorized to create and issue dollars to the public.3Federal ...
History of Fiat Money in the U.S. The U.S. dollar is considered to be both fiat money and legal tender. It's accepted for private and public debts. Legal tender is any currency that a government declares to be legal. Many governments issue a fiat currency and then make it legal tende...