JAMB - Commerce (2023 - No. 62)
Money is generally acceptable for transaction due to
the central bank's governor's signature
the rule of the law
its acceptability in the global market
the legal backing
Explicaţie
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country.
Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation
Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation