"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

"Legal Tender Money" refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes
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(4) Currency notes Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal tender money is a type of payment that is protected by law.
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“Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Description : “Legal Tender Money” refers to : (1) Cheques (2) Drafts (3) Bill of exchange (4) Currency notes

Last Answer : Currency notes

Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to - (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : (4) cheques Explanation: There are two types of money in a fractional-reserve banking system, currency originally issued by the central bank, and hank deposits at commercial banks: (1) ... created in the banking system through borrowing and lending) - sometimes referred to as chequebook money.

Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Description : Bank money refers to (1) currency notes (2) coins (3) gold bullions (4) cheques

Last Answer : cheques

What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Description : What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Last Answer : answer:

What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Description : What is the highest denomination of currency notes in circulation as legal tender in India at present? -Do You Know?

Last Answer : answer:

1. What is the highest denomination of currency notes in circulation as legal tender in India at present? 2. Pollination takes place with the help of bird, what is called? 3. The Lok Sabha Secretariat comes under the direct supervision of which ministry? 4. Narmada river originates from Amarkantak in which state? 5. Which upheaval took place in Bengal immediately after the Revolt of 1857 ?

Description : 1. What is the highest denomination of currency notes in circulation as legal tender in India at present? 2. Pollination takes place with the help of bird, what is called? 3. The Lok Sabha ... due to rejuvenation of a river? 20. Quit India Movement started after the failure of which proposal?

Last Answer : Answer : 1. Rs. 1000 2. Ornithophily 3. Ministry of Human Affairs 4. Madhya Pradesh 5. Indigo Disturbances 6. White of egg 7. Bernardo Bertolucci 8. Crystallography 9. U.P. 10. Sanyasi rebellion 11. Echidna 12. 530 ... 16. V. K. R. V. Rao 17. August 12 18. Four 19. Oxbow lake 20. Cripps' proposal

1. What is the total number of Fundamental Duties mentioned in the Constitution? 2. Which is the variety of coal in which the deposit contains recognisable traces of the original plant material? 3. What is the highest denomination of currency notes in circulation as legal tender in India at present? 4. Which type of rainfall leads to the formation of the windward and the leeward side? 5. Which of the Vedas was divided" into "White' and 'Black' parts?

Description : 1. What is the total number of Fundamental Duties mentioned in the Constitution? 2. Which is the variety of coal in which the deposit contains recognisable traces of the original plant material? 3. What ... production of natural rubber, what is the rank of India? 20. To whom the 'Yavanas' refer?

Last Answer : Answer : 1. 11 2. Peat 3. Rs. 1000 4. Orographic 5. Yajur 6. Ann Banoraft 7. Spleen 8. All the members of Lok Sabha 9. Tropical moist deciduous 10. Mahapadrna 11. Adiabatic 12. Science 13. American Dollar 14. Downs 15. Dhana Nanda 16. Virus 17. Speaker 18. Zero permeability 19. Fourth 20. Greeks

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money held by public in currency c) ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Description : What is the currency deposit ratio (cdr)? a) ratio of money held by the public in currency to that of money held in bank deposits b) ratio of money held by public in bank deposits to that of money ... ratio of money held in demand drafts to that of money held in treasury bonds d) none of the above

Last Answer : a) ratio of money held by the public in currency to that of money held in bank deposits

Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Description : Currency notes and coins are called as: a) Flat money b) Legal tenders c) Fiat money d) Both b and c

Last Answer : d) Both b and c

The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Description : The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Last Answer : D. The Negotiable Instruments Act, 1881 Explanation: The Negotiable Instruments Act, 1881 – An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.

Legal Tender Money is - (1) accepted only by Government (2) accepted by people and Government as per the law (3) not accepted for business purposes by law (4) not accepted by Government

Description : Legal Tender Money is - (1) accepted only by Government (2) accepted by people and Government as per the law (3) not accepted for business purposes by law (4) not accepted by Government

Last Answer : (2) accepted by people and Government as per the law Explanation: Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. ... on a legal basis. Paper currency and coins are common forms of legal tender in many countries.

Legal Tender Money is (1) accepted only by Government (2) accepted by people and Government as per the law (3) not accepted for business purposes by law (4) not accepted by Government

Description : Legal Tender Money is (1) accepted only by Government (2) accepted by people and Government as per the law (3) not accepted for business purposes by law (4) not accepted by Government 

Last Answer : accepted by people and Government as per the law

What is the largest amount in a legal tender/currency?

Description : What is the largest amount in a legal tender/currency?

Last Answer : Post WWII Hungary printed 100 Quintillion Dollar notes. (learn to use Google, you can find out all this kind of stuff)

Is apaxmai currency still legal tender?

Description : Is apaxmai currency still legal tender?

Last Answer : Feel Free to Answer

Is a taped bill legal tender?

Description : Is a taped bill legal tender?

Last Answer : Yes. Or you can take both halves to the bank tomorrow and they’ll trade you for a good one.

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer : (1) decrease in the internal value of money Explanation: Devaluation refers to a decline in the value of a currency in relation to another, usually brought about by the actions of a central bank ... with developing countries that don't allow their currency prices to float freely on the open market.

Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Description : Devaluation of money means : (1) decrease in the internal value of money (2) decrease in the external value of money (3) decrease in both internal and external value of money (4) the government takes back currency notes of any denominations

Last Answer :  decrease in the external value of money

Has the sort of chocolate money you get at ********* ever been legal tender?

Description : Has the sort of chocolate money you get at Christmas ever been legal tender?

Last Answer : No – but Chanukah gelt was! (Not really.)

Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Description : Why do older US dollars say "this note is legal tender for all debts, puiblic and private, and is redeemable in lawful money at the US treasury or at any federal reserve bank?"?

Last Answer : I believe at that time we were on the gold standard and the money could be exchanged for the appropriate amount of gold. I’m trying to find a bit more info right now here. When we went off the gold standard, this would no longer have been true.

Optional money is a (a) Legal tender money ; (b) Non-legal tender money ; (c) Limited legal tender money; (d) Full bodied money

Description : Optional money is a (a) Legal tender money ; (b) Non-legal tender money ; (c) Limited legal tender money; (d) Full bodied money

Last Answer :  (b) Non-legal tender money ;

hat posses general acceptability? (a) Bill of exchange (b) Bond © Money (d) Bank draft

Description : hat posses general acceptability? (a) Bill of exchange (b) Bond © Money (d) Bank draft

Last Answer : © Money

The bank cheques are processed by using - (1) OCR (2) MICR (3) OMR (4) PMR

Description : The bank cheques are processed by using - (1) OCR (2) MICR (3) OMR (4) PMR

Last Answer : (2) MICR Explanation: Magnetic Ink Character Recognition, or MICR, is a character recognition technology used primarily by the banking industry to facilitate the processing of cheques and makes up the ... are printed in special typefaces with a magnetic ink or toner, usually containing iron oxide.

The bank cheques are processed by using (1) OCR (2) MICR (3) OMR (4) PMR

Description : The bank cheques are processed by using (1) OCR (2) MICR (3) OMR (4) PMR 

Last Answer : MICR

A currency whose exchange rate is influenced by the government is a/an - (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Description : A currency whose exchange rate is influenced by the government is a/an - (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Last Answer : (2) Managed Currency Explanation: Managed currency refers to currency whose ex-change rate is not determined by the free-market forces of demand and supply but instead by the government's intervention through the country's central bank.

When there is an official change in the exchange rate of domestic currency, then it is called (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Description : When there is an official change in the exchange rate of domestic currency, then it is called (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Last Answer : (2) Depreciation Explanation: Revaluation is a calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold ... . central bank) can alter the official value of the currency. It is opposite of devaluation.

)A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Description : )A currency having a falling exchange rate due to continuing balance of payments deficit is called a- (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Last Answer : (1) Soft currency Explanation: Soft currency is a currency with a value that fluctuates as a result of the country's political or economic uncertainty which may be due to balance of payments ... set unrealistically high exchange rates, pegging their currencies to a currency such as the U.S. dollar

The ratio of foreign rates to domestic rates measured in the 'same' currency is known as:a) Real exchange rateb) Nominal exchange ratec) Superfluous exchange rated) None of the above

Description : The ratio of foreign rates to domestic rates measured in the 'same' currency is known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : a) Real exchange rate

Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Description : Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : b) Nominal exchange rate

A currency whose exchange rate is influenced by the government is a/an (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Description : A currency whose exchange rate is influenced by the government is a/an (1) Unmanaged Currency (2) Managed Currency (3) Scarce Currency (4) Surplus Currency

Last Answer : Managed Currency

A currency having a falling exchange rate due to continuing balance of payments deficit is called a (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Description : A currency having a falling exchange rate due to continuing balance of payments deficit is called a (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

Last Answer : Soft currency

When there is an official change in the exchange rate of domestic currency, then it is called : (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Description : When there is an official change in the exchange rate of domestic currency, then it is called : (1) Appreciation (2) Depreciation (3) Revaluation (4) Deflation

Last Answer : Revaluation

The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof B. The payment by a bank on a negotiable instrument after due verification of the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above.

Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above

Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof

An act of exchanging a thing with another thing as a part of a business is called ? 1. Business Exchange 2. Trade-off 3. Bidding 4. Tender 5. None of these

Description : An act of exchanging a thing with another thing as a part of a business is called ? 1. Business Exchange 2. Trade-off 3. Bidding 4. Tender 5. None of these

Last Answer : Trade-off

Which of the following terms refers to enlarged, red, and tender lymph nodes? a) Lymphadenitis Acute lymphadenitis is demonstrated by enlarged, red and tender lymph nodes. b) Lymphangitis Lymphangitis is an acute inflammation of the lymphatic channels. c) Lymphedema Lymphedema is demonstrated by swelling of tissues in the extremities because of an increased quantity of lymph that results from an obstruction of lymphatic vessels. d) Elephantiasis Elephantiasis refers to a condition in which chronic swelling of the extremity recedes only slightly with elevation.

Description : Which of the following terms refers to enlarged, red, and tender lymph nodes? a) Lymphadenitis Acute lymphadenitis is demonstrated by enlarged, red and tender lymph nodes. b) Lymphangitis ... refers to a condition in which chronic swelling of the extremity recedes only slightly with elevation.

Last Answer : a) Lymphadenitis Acute lymphadenitis is demonstrated by enlarged, red and tender lymph nodes.

How many living people appear on legal tender around the world?

Description : How many living people appear on legal tender around the world?

Last Answer : answer:Pictures of monarchs on money is a tradition that goes back to the beginning of coin. Nowadays it is only in places where someone acts like the modern equivalent of a monarch. Of note for current ... watchers are waiting to see who might appear on a 10,000 won note expected in the new year.

Are proof coins considered legal tender?

Description : Are proof coins considered legal tender?

Last Answer : Yes, if they are simply proof versions of coins that are in circulation, then they are considered legal tender.

Is a stamp legal tender in the uk?

Description : Is a stamp legal tender in the uk?

Last Answer : that’s bloody ridiculous.

Is it legal tender if a coin is stamped copy?

Description : Is it legal tender if a coin is stamped copy?

Last Answer : No. There are examples of obsolete coins (such as coins of theConfederate States of America) that are made as souvenirs. They areNOT the coinage of a nation, and are not legal tender.

Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Description : Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Last Answer : (1) free movement of goods from one country to another Explanation: Free trade is a policy by which a government does not discriminate against imports or interfere with exports by ... countries are determined by price strategies that may differ-from those that would emerge under deregulation.

Production refers to - (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product

Description : Production refers to - (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product

Last Answer : (2) creation of utilities Explanation: Production refers to "the creation of utility having value-in-exchange." The process of production may create six types of utilities: form utility, time utility, place utility, ownership utility, service utility and knowledge utility.

Free Trade refers to (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Description : Free Trade refers to (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Last Answer : free movement of goods from one country to another

Production refers to (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product

Description : Production refers to (1) destruction of utility (2) creation of utilities (3) exchange value (4) use of a product

Last Answer : creation of utilities

What is/are the characteristics of „Hot Money‟? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It is the fund which is thrown in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

Description : What is/are the characteristics of Hot Money ? A. The term is used for fresh currency notes issued by RBI B. It is the fund which inflows in the market to take advantage of high interest rates C. It ... in the market to create imbalance in the stock markets D. All of the Above E. None of the Above

Last Answer : B. It is the fund which inflows in the market to take advantage of high interest rates Explanation: Hot money is currency that moves regularly, and quickly, between financial markets so investors ensure they are getting the highest short-term interest rates available.

Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only by the postmaster d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Description : Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only ... d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Last Answer : d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Description : Which of the following is known as plastic money ? 1. bearer cheques 2. credit cards 3. demand dreafts 4. gift cheques 5. None of these

Last Answer : credit cards

If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Description : If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

Last Answer : Answer: B

The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Description : The currency notes on behalf of the Central Government are issued by whom ? -SST 10th

Last Answer : The currency notes on behalf of the Central Government are issued by the Reserve Bank of India (RBI) only.

Who issues currency notes in India ? -SST 10th

Description : Who issues currency notes in India ? -SST 10th

Last Answer : Reserve Bank of India.