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Legal tender law is the legal fiat that gives a coin its ‘nominal’ value distinct from its commodity value.
by jameshart 3y ago
Legal tender law is the legal fiat that gives a coin its ‘nominal’ value distinct from its commodity value.
- JumpCrisscross 3y ago> Legal tender law is the legal fiat that gives a coin its ‘nominal’ value distinct from its commodity value No. Legal tender makes something required to be accepted at face value for extinguishing debts. Nominal value is a broader concept. Treasuries, for instance, have a nominal value without being legal tender.