In India, paper currency is known as __________.

optional money

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legal tender money

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cumulative money

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tender money

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Solution

The correct option is C legal tender money
In India, Paper money are the money which are issued by the central bank of a country in form of paper that acts as an unlimited legal tender in the economy. It is also known as legal tender money as it is legally accepted as the common medium of exchange in the economy.

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