Legal tender, High-Powered Money and Fiduciary Money
Legal tender, Bitcoin & Cheques are legal tenders? Meaning of High Powered Money and Fiduciary Money
All Levels • 8 Lectures • Lifetime access
Verified Master Instructor
Meet your instructor: Prabh Kirpa Classes
18 ms
5.0 / 5.0
Global Rating1h 19m
Total ContentBasic understanding of economic principles such as supply and demand, inflation and interest rates
Students, business man and general public
About this course
- What is the meaning of legal tender?
- Whether individuals or businesses can refuse to accept legal tender for settling debts and purchasing goods and services?
- Why the individuals accept legal tender as a medium of exchange in return of goods and services?
- Which government authority decides what is considered legal tender?
- Can legal tender status change over time?
- What are the two types of legal tender?
- What is the meaning of limited legal tender? Give an example.
- Why the limited legal tender has come in to existence?
- What is meant by unlimited legal tender?
- Why banknotes are unlimited legal tender?
- What is the meaning of bitcoin?
- Is bitcoin legal tender?
- Whether any country in the world has allowed bitcoin as legal tender?
- Whether it is correct that some countries are considering adopting bitcoin as legal tender?
- If any country gives legal tender status to bitcoin, whether it means that bitcoin is the only currency that can be used in that country?
- Whether cheques are legal tender money?
- Whether a person or business is legally bound to accept the payment by cheque in return of goods and services?
- Whether postal orders and bank drafts are legal tenders?
- Why cheques are also called optional money?
- Is there a difference between legal tender and other forms of money?
- What is the meaning of high powered money?
- What is the formula to express high powered money?
- How does the Central Bank influence high-powered money?
- Why the central bank manages the supply of high-powered money?
- Can changes in high-powered money impact inflation?
- What is the meaning of fiduciary money?
- Whether a person is legally bound to accept fiduciary money in exchange of goods and services?
Prabh Kirpa Classes
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