If a nation agreed to trade with something other than money, like shells or certain stones, would that be legal tender?
A. • Yes, it business owners agreed.
B. • No, legal tender must be paper money.
C. • Yes, if everyone was required to accept it.
D. • No, legal tender must be accepted in all nations.
C. • Yes, if everyone was required to accept it.
Legal tender is any official medium of payment recognized by law that must be accepted for extinguishing a public or private debt. As long as the shells or stones are declared as legal tender by the nation and everyone is required to accept them as payment, then they would be considered legal tender.