Economy, asked by Alina1076, 11 months ago

what is the difference between limited and unlimited legal tender ?

Answers

Answered by pranitkhandekar8

39

Explanation:

Limited legal tender money is the money which can be accepted only up to a certain maximum limit. ... Unlimited legal tender money is the money which a person has to accept without any limit of amount. For example all currency notes and coins of 50 paise are unlimited legal tender money.

Answered by Anonymous

16

Answer:

HLW MATE !!!☺

Limited legal tender: You can make money settlement/repay your debt in coins upto 1000 rupees only beyond which accepting party can reject. Unlimited legal tender: You can make money settlement/repay your debt in notes legal tender upto any value.

HOPE IT HELPS U✌✌✌

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