Money that is usable within the country. For example: The Yen is not legal tender within the United States, but it is within Japan.
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This is a fancy word for "money." It is something that has value and can be exchanged for goods and services, but is also specifically backed by the government.
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Legal tender means the national currency of every country e.g. coins and bank notes that must be accepted as form of payment to a debt.
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Officially recognized as money that can be used in transactions.
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