Legal tender refers to the accepted for payment of all debts, public or private and each country has its won specific type which is in terms of the currency being used.
What is Legal tender?
This is a form of money recognized by the law of a government as a means of payment. For example dollars and cents is the legal tender for America and is used as a form of exchange for goods and services provided in the market.
They can also be used in the payment of debts or other financial obligations in the country at a specific point in time and is the currency which has legal backing to be spent. This is therefore the reason why legal tender is regarded as the most appropriate choice.
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