Legal tender, Bitcoin & Cheques are legal tenders? Meaning of High Powered Money and Fiduciary Money
What you will learn
Legal tender, High-Powered Money and Fiduciary Money
What is the meaning of Legal tender in the context of currency?
What are the two types of legal tender money?
Whether bitcoin and cheques are legal tender money?
What is the meaning of High-Powered Money and Fiduciary Money?
How does the Central Bank exert control over the dynamics of high-powered money?