Question 2
Money and InflationLegal money is called so because..........
- A.The buyer must pay in that money
- B.Can be converted into gold
- C.Sellers do not accept any other money
- D.It is the official medium of exchange
Show the answer and explanation
Answer: D (It is the official medium of exchange)
Explanation
Legal money is backed by law as the official medium of exchange in the country.