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Question
Is the following statement true or false? Give reasons to support your answer.
Cheques are legal tender money.
Options
True
False
MCQ
True or False
Solution
This statement is false.
Explanation:
No, cheques are not considered legal tender money. It is considered optional money. Optional money is accepted by the people but cannot be legally compelled to accept it. Cheques, drafts, bills of exchange, and other forms of money are optional.
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