Question

how is the modern form of currency accepted as the medium of exchange?Answer in 100-150 words?

Answer 1

IN MODERN FORM OF CURRENCY INSTEAD OF EXCHANGING THE ITEMS FOR OTHER ITEMS(BARTER SYSTEM) WE USE CURRENCY NOTES AND COINS.IN ANY TRANSACTION MONEY WORK AS EXCHANGER ,WE PROVIDE EQUAL VALUE OF CURRENCY FOR EQUAL AMOUNT OF SUBSTANCE WE NEED TO BUY.

IN INDIA RBI ENSURES THE VALUE OF NOTES AND ON BEHALF CENTRAL GOVERNMENT COINS VALUE ARE ASSIGNED.

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Answer 2

Answer:

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