Arbeitspapier

Legal tender

The legal foundation of the monetary system is the law of legal tender. The 'legal tender' concept is used in models to describe almost anything except for what it really means in actual laws. Such errors prevent an accurate evaluation of the importance of this legal status. This note explains in simple terms what 'legal tender' really means.

Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2009-04

Classification
Wirtschaft
Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems
Contract Law
Subject
Legal tender
Contract law
Taxes
Währungssystem
Vertragsrecht

Event
Geistige Schöpfung
(who)
Goldberg, Dror
Event
Veröffentlichung
(who)
Bar-Ilan University, Department of Economics
(where)
Ramat-Gan
(when)
2009

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Goldberg, Dror
  • Bar-Ilan University, Department of Economics

Time of origin

  • 2009

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