LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
90 views
in Economics by (35.8k points)
closed by

State with the reasons whether you agree or disagree with the following statements:

Credit Money can be refused.

1 Answer

+1 vote
by (36.0k points)
selected by
 
Best 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.

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...