Which one of the following statements correctly describes the meaning of legal tender money?

1. The question asks for the statement that correctly describes the meaning of legal tender money. 2. Legal tender is any form of money that has been recognized by law as a valid means to meet a financial obligation. 3. Statement (A) is incorrect. It describes court fees, not the general definition of legal tender. 4. Statement (B) is correct. This is the precise definition of legal tender. It is money that a creditor cannot refuse (is under compulsion to accept) when offered in settlement of a debt or claim. 5. Statement (C) is incorrect. Bank money like cheques and drafts are instruments for transferring money but are generally not considered legal tender. A creditor can refuse to accept payment via cheque. 6. Statement (D) is incorrect. While coins (metallic money) can be legal tender (often with limitations), legal tender primarily refers to currency notes issued by the monetary authority of a country. It's not limited only to metallic money.