Economy, asked by aprajitakumari85799, 9 months ago

explain the various types of money prevalent in​

Answers

Answered by bavitha333
7

Answer:

Indian notes are convertible into the standard money of the country— rupees—as and when desired by holders. ... One-rupee notes are not convertible into rupee coins—they are treated as rupees. They are issued by the Government of India, while all other notes are issued by the Reserve Bank of India...

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Answered by Anonymous
1

Explanation:

The Indian rupee is a mixture of the standard money and the token money. Like standard money, it is unlimited legal tender, and like the token money, its face value is greater than its intrinsic value. The Indian rupee is said to be a note printed on silver (now nickel)

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