Money Matters: Navigating Legal Tender, Bitcoin, Cheques, High-Powered, & Fiduciary Money

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About Course

  1. What is the meaning of legal tender?
  2. Whether legal tender status accorded to a particular currency denomination can be withdrawn by the government?
  3. What is meant by limited legal tender? Why the limited legal tender has come in to existence?
  4. What is the meaning of unlimited legal tender?
  5. Whether bitcoin is a legal tender?
  6. Whether individuals and businesses are legally bound to accept the cheques as legal tender money?
  7. Why cheques are also called optional money?
  8. What is meant by high powered money?
  9. How does the Central Bank manage the supply of  high-powered money?
  10. What is meant by fiduciary money?
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What Will You Learn?

  • Legal tender, High-Powered Money and Fiduciary Money
  • What is the meaning of Legal tender in the context of currency?
  • What are the two types of legal tender money?
  • Whether bitcoin and cheques are legal tender money?
  • What is the meaning of High-Powered Money and Fiduciary Money?
  • How does the Central Bank exert control over the dynamics of high-powered money?

Course Content

Money Matters: Navigating Legal Tender, Bitcoin, Cheques, High-Powered, & Fiduciary Money

  • Introduction
    02:08
  • Meaning of legal tender
    17:45
  • legal tender money : Two types
    15:45
  • Bitcoin is a Legal tender?
    07:27
  • Cheques are Legal tender money?
    11:08
  • Meaning of High Powered Money
    11:38
  • Fiduciary Money meaning
    06:46

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