Stores need not accept your check but must accept currency because:

A) currency is backed by gold.
B) checks are not money but currency is.
C) currency is legal tender,but checks are not.
D) currency is easier to handle.
E) currency is a medium of exchange,but checks are not.

Question

Kiran Dhaliwal · Accepted Answer

Final Answer : C, Explanation :  Currency is considered legal tender, which means it is a valid form of payment. This is not the case with checks, which are simply a promise to pay and can be refused by a store or business.

Stores need not accept your check but must accept currency because:

A) currency is backed by gold.
B) checks are not money but currency is.
C) currency is legal tender,but checks are not.
D) currency is easier to handle.
E) currency is a medium of exchange,but checks are not.

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Learning Objectives

Related questions

Stores need not accept your check but must accept currency because:A) currency is backed by gold.B) checks are not money but currency is.C) currency is legal tender,but checks are not.D) currency is easier to handle.E) currency is a medium of exchange,but checks are not.

Definitions

Learning Objectives

Learning Objectives

Related questions

Stores need not accept your check but must accept currency because:

A) currency is backed by gold.
B) checks are not money but currency is.
C) currency is legal tender,but checks are not.
D) currency is easier to handle.
E) currency is a medium of exchange,but checks are not.