money is accepted as a medium of exchange because the currency is authorised by ??
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A presidential system is a democratic and republican government in which a head of government leads an executive branch that is separate from the legislative branch. This head of government is in most cases also the head of state, which is called a president.
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Money and Credit
Money and CreditMoney is accepted as a medium of exchange because: (i)The currency is authorised by the government of the country. (ii)The Reserve Bank of India issues currency notes on behalf of the Central Government. As per Indian law, no other individual or organisation is allowed to issue currency.
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manideep7630:
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