Nettet24. aug. 2024 · Day 35. 24 Aug 2024. 17 min read. Welcome to the Prelims Refresher Programme 2024 - Article Page. On this page, we will provide you with 3 things: A list of topics for revision. A brief discussion of the topics if needed. Links to various sources for preparing these topics. In the comments, you can ask us to clear your doubts regarding … Nettet10. apr. 2024 · According to a press release announcing the new currency, UMU, also known as Unicoin, is a legal money commodity that can transact in any legal tender settlement currency and functions like a CBDC to enforce banking regulations and “protect the financial integrity of the international banking system.”. UMU “adopts a …

UPSC notes on Instagram: "El Salvador, the only country to …

Nettet13. apr. 2024 · This represents a small step toward reestablishing gold and silver as legal tender and breaking down the Fed’s monopoly on money. “We ought not to tax money – and that’s a good idea. Nettet21 March, 2024 : Crack UPSC CSE through PreppIAS Foundation Course The value of fiduciary money is determined by the expectation that it will be widely accepted as a medium of exchange. It is not declared legal tender by the government, unlike fiat money, which means that people are not required by law to accept it as a form of payment. oxxo vape hürth

What is a ‘legal tender’? What is ‘fiat money’? from Economics …

NettetLegal tender refers to any currency that is declared as legal by the government while fiat money is referred to as money that is not backed up by any physical commodities … Nettet20. des. 2016 · Legal tender is legal status given to an instrument like currency note that it can be used as medium of payment. For example, the Rs 2000 note involves a legal … NettetLegal tender is defined as “any official medium of payment recognized by law, that can extinguish public or private debt, or meet a financial obligation .” It is the national … oxxon technology