Legal Tender

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2008 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Copyright policy )

Authors: Dror Goldberg;

doi: 10.2139/ssrn.1292893

handle: 10419/96051

Legal Tender

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Abstract

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.

Related Organizations

Open University of Israel
Israel

Keywords

ddc:330, Legal tender, Währungssystem, K12, Taxes, Contract law, E42, Legal tender; Contract law; Taxes, Vertragsrecht, jel: jel:K12, jel: jel:E42

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	3
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average