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Indian rupee is legal tender. - Economic Applications

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Question

Indian rupee is legal tender.

Options

  • True

  • False

MCQ
True or False

Solution

The statement is True.

Explanation:

The Indian rupee is the country's official legal tender, which means it must be accepted as a method of payment for goods and services within the country. 

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Forms of Money
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Chapter 7: Meaning and Functions of Money - QUESTIONS [Page 182]

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Goyal Brothers Prakashan Economic Application [English] Class 10 ICSE
Chapter 7 Meaning and Functions of Money
QUESTIONS | Q 11. | Page 182
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