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currency backed by governmenr bonds and issued by commerical banks in thr form of business origanizatipon by law as a sedprete legal entity with the right s.
Log in. Sign up . Legal tender. currency that must be accepted as money for purchases and as payment for debts. 3 functions of money. 1. Medium of exchange.
Exclusive power of Congress to regulate interstate and foreign trade. legal tender . Any kind of money that a creditor must, by law, accept in payment for debts.
Laws passed by states to ensure paper currency would be accepted by creditors at 7 states enacted legal tender laws that were resonable, one state enacted.
Log in. Sign up Legal Tender. currency that is valid for the payment of a debt and must be accepted by a creditor relating or involving money or currency.