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Q: What is the type of money is declared legal tender by government order referred to as?
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Why are checks not considered legal tender?

Government determines tender & they would have to back them up if so declared.


There was such a problem with what that the southern government finally declared fake money as legal tender?

counterfiting


There was such a problem with that the Southern government finally declared fake money as legal tender.?

counterfiting


Is the dollar considered legal tender?

The Australian Dollar is Legal Tender in Australia. The Bahamian Dollar is Legal Tender in the Bahamas. The Barbados Dollar is Legal Tender in Barbados. The Bermuda Dollar is Legal Tender in Bermuda. The Canadian Dollar is Legal Tender in Canada. The Fiji Dollar is Legal Tender in Fiji. The Hong Kong Dollar is Legal Tender in Hong Kong. The Jamaican Dollar is Legal Tender in Jamaica. The New Zealand Dollar is Legal Tender in New Zealand. The Singapore Dollar is Legal Tender in Singapore. The US Dollar is Legal Tender in the USA.


Where does modern currency get its value?

from the government who says it is legal tender to pay debts


Can states coin money?

Legal tender can only be minted by the Federal Government.


Legal tender money?

Legal tender money is currency recognized by a government as valid for settling financial obligations, like taxes, debts, or purchases. It must be accepted for payment within the jurisdiction that issued it. Examples include banknotes and coins issued by a government's central bank.


Under the the federal government issued paper money?

B. legal tender act


Under the the federal government issued paper mone?

B. Legal Tender Act


Why currency notes are issued?

All currency issued by a government or their issuing authority such as a mint or central bank is legal tender, meaning that it can be spent by consumers and accepted by businesses as a legal exchange of goods or services for money that the government can guarantee. Currency ceases to be legal tender when it has been demonetised.


Are pennies legal tender?

Yes penny's are legal tender.


Who use legal tender?

Legal tender is everyday money.