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Money — Economics STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsEconomicsMoney4 Marks
Question
Credit Money can be refused.
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Answer

Yes, I agree with the statement.
Credit money can be refused because
  • Credit money refers to Bank money.
  • Bank money is not legal tender money.
  • No one can force to accept this money.
  • It is not punishable if it is not accepted.
  • Hence, Credit Money can be refused.

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