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Question
______ is not a legal tender and the creditor may refuse to accept it.
Options
Bank Draft
Cheque
Overdraft
Cash
MCQ
Fill in the Blanks
Solution
Cheque is not a legal tender and the creditor may refuse to accept it.
Explanation:
Because cheques are not authorized by the government or central bank, they are not legal money, and a creditor may refuse to accept them as payment.
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