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GK MCQs Section
Q. __________is an example of optional money?
Answer: Cheque
Notes: On the basis of acceptability, money has been classified into legal tender and optional money. Legal tender money is enforced by law. Optional money is that money may or may not be accepted as a means of payment; it has no legal sanction. Different credit instruments, like, cheques, bank drafts, etc., are examples of optional money.

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