Question

mention the modern forms of money. how is it different from traditional forms of money​

Answer 1

Answer:

Traditional form of money consist of gold, copper coins, grains,etc which were not authorised by any external and universal authority. but,Whereas, modern money are in the form of currencyie notes and coins which are authorised by an external authority( RBI) and nobody can refuse this money in a country.

Answer 2

Traditional form of money consist of gold, copper coins, grains,etc which were not authorised by any external and universal authority. but,Whereas, modern money are in the form of currencyie notes and coins which are authorised by an external authority( RBI) and nobody can refuse this money in a country