WAEC Economics 2011 Objective — Question 36
Question 36 of 50 from the West African Examinations Council (WAEC) Economics 2011 Objective paper, with the correct answer and a full explanation.
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Which of the following is a legal tender?
- A. A. Bank notesCorrect
- B. B. Bank overdraft
- C. C. Bills of exchange
- D. D. Money order
Explanation
Legal tender is anything backed by government law or decree to be accepted as a medium of exchange in a community, such as N1000 note, N20 notes etc.
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