Question

currency accepted as a medium of exchange without any use of its own?

Answer 1

Government of the country. In India, the Reserve Bank of India issues currency notes on behalf of the centralGovernment. Thus, modern currency is accepted as a medium of exchange without any use of it

Answer 2

Answer:

Explanation:

(1)Modern currency is authorised by the government of a country.

(2)In India , the reserve Bank of India issues all currency notes on behalf of the central government.

(3)No other individual or organization is allowed to issue currency.

(4)No individual in India can legally refuse a payment made in rupees.