Question

4.Which of the following authorises money as a medium of exchange. *

a) Reserve Bank of India
b) Self Help Groups
c) The Central Government
d) The president of india​

Answer 1

Answer:

a) Reserve Bank Of India

Answer 2

Answer:

The correct answer is a) Reserve Bank of India

Explanation:

Why is currency is accepted as a medium of exchange?

money is standard as a medium of exchange because:

(i)The currency is accepted via the government of the usa.

(ii)The Reserve financial institution of India troubles forex notes on behalf of the important authorities. As in step with Indian law, no other person or agency is permitted to issue foreign money.

Reserve financial institution of India (RBI) is the group that authorizes the cash as a medium of change. RBI is the crucial financial institution of India. RBI is the critical authority that may authorize and trouble the currency notice and cash which can be widely normal because the medium of change.

Which of the following authorises money as a medium of exchange. *

https://brainly.in/question/21538674

Who authorises money as a medium of exchange?

https://brainly.in/question/10222801

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