Question

Give one example of non-legal tender money.​

Answer 1

Explanation:

Non-Legal Tender-Money: It is a form ofmoney, which is generally accepted, but legally is not bound to accept it. Such as cheques, bank drafts, bills of exchange, postal orders etc. are not legal tenders and are accepted only at the option of the creditor, lender, or seller

Answer 2

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• Non-Legal Tender-Money: It is a form of money, which is generally accepted, but legally is not bound to accept it. Such as cheques, bank drafts, bills of exchange, postal orders etc. are not legal tenders and are accepted only at the option of the creditor, lender, or seller.
• Cheques, bills of exchange, demand draft are example of non legal tender money.