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What is a legal tender money example?

Legal tender means banknotes and coins which are offered in payment of debts and which must be accepted.You can read about the RBI – Know More About Reserve Bank of India in the given link.

Further readings:

  1. Bad Banks – Idea Proposed Due to COVID-19
  2. Cashless Economy in India – UPSC GS-III Notes

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Money Supply in Economy – Types of Money, Monetary Aggregates, Money Supply Control

List of Different Types of Banks in India

Non Performing Assets (NPA) – Facts for UPSC GS-III
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