Mr. Soriano is an OFW from United States of America and returned to Philippines for good last December 2020. While in transit going to his province, he used his 100 USD currency to pay for his take-out food but the cashier refused to honor the money considering that there’s no issue with the money. Is the cashier correct? Why? Why not?

Mr. Soriano is an OFW from United States of America and returned to Philippines for good last December 2020. While in transit going to his province, he used his 100 USD currency to pay for his take-out food but the cashier refused to honor the money considering that there’s no issue with the money. Is the cashier correct? Why? Why not?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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