22 lines
609 B
Markdown
22 lines
609 B
Markdown
<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-05 -->
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# Legal Tender
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## Definition
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The legally recognised form of payment that creditors must accept to discharge a debt, which Smith discusses in the context of different metals being designated as acceptable forms of payment.
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## Source Chapter
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Book I, Chapter 5
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## Context
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Smith examines how different societies have designated certain metals as legal tender and how this affects the distinction between standard and non-standard forms of money.
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## Economic Domain
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Regulation
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---
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