Abstract

http://ssrn.com/abstract=1292893
 
 

References (14)



 


 



Legal Tender


Dror Goldberg


The Open University of Israel

October 13, 2008


Abstract:     
The legal foundation of the monetary system is the law of legal tender. The "legal tender" concept is used in economics textbooks and journals to describe almost anything except for what it really means in actual laws. Such errors mislead students and prevent an accurate evaluation of the importance of this legal status. This note explains in simple terms what "legal tender" really means and how it could be better explained in textbooks and in the classroom.

Number of Pages in PDF File: 10

JEL Classification: E42, K12

working papers series





Download This Paper

Date posted: November 3, 2008  

Suggested Citation

Goldberg, Dror, Legal Tender (October 13, 2008). Available at SSRN: http://ssrn.com/abstract=1292893 or http://dx.doi.org/10.2139/ssrn.1292893

Contact Information

Dror Goldberg (Contact Author)
The Open University of Israel ( email )
Raanana
Israel
Feedback to SSRN


Paper statistics
Abstract Views: 856
Downloads: 132
Download Rank: 131,313
References:  14

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.343 seconds