Money is generally acceptable for transaction due to
A. the central bank's governor's signature B. the rule of the law C. its acceptability in the global market D. the legal backing
Correct Answer: D
Explanation
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country.
Legal tender is any official medium of payment recognized by law that can be used to extinguish a public or private debt, or meet a financial obligation
