how do currency notes acts as a medium of exchange (1marks)
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Currency notes act as a medium of exchange.
It has been accepted by laws that with the exchange of currency notes we can get our required goods.
In India, The RBI and the government have legitimised that all transactions need to take place with currency notes. No other form of exchange is legitimate.
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It has been accepted by laws that with the exchange of currency notes we can get our required goods.
In India, The RBI and the government have legitimised that all transactions need to take place with currency notes. No other form of exchange is legitimate.
Hope This Helps You!
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