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What is optional money?

Updated: 9/14/2023
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Wiki User

13y ago

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Optional money is the non legal tender money, but it is generally acceptable by the people in it's final payments.optional money consists of credit instruments like bills of exchange , cheques ,promissory notes etc.,which does not enjoy any statutory backing.the acceptance of optional money depends upon the choice of an individual person.however they are generally accepted because people have confidence in the credit of the paper

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13y ago
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