Question

Explain any three features of modern indian currency

Answer 1

Currency is easy to carry and use

It is excepted by all over the country for the mode of exchange

no double coincidence of want

Answer 2

Explanation:

Three main features of modern Indian currency are the following:

* It is used in the form of paper notes and coins.

* The modern currency has no use of its own as it is not made up of any precious metals but is accepted as a medium of exchange because it is authorised by the Government of the country.

* As the law legalises the use of rupee as the medium of payment, it cannot be refused in settling transaction anywhere in India.

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