Question

The modern currency is accepted as a medium of exchange. why?

Answer 1

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It is accepted as a medium of exchange because it is authorised by the government of India so the modern currency is accepted as a medium of exchange.

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Hope This Helps. . .

Answer 2

Answer:

ExThe modern currency is not made up of any precious metal such as gold, silver or copper and unlike grain and cattle, they are neither every day use. Thus, the modern currency is without any use.

But still it is accepted as a medium of exchange as it is authorised by Government of the countryplanation: