Give examples for at money and legal tender money. – InterviewSolution

1.	Give examples for at money and legal tender money.
Answer» Fiat money: Money with no intrinsic value Eg. Currency notes, coins. Full-bodied money: Money whose face value is equal to the intrinsic value Eg. Gold coins, silver coins. Legal tender money: Money issued by the monetary authority or the government which cannot be refused by anyone. Eg. Currency notes.

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