Social Sciences, asked by shrey2794, 9 months ago

the modern currency is without any use of its own as a commodity why is it accepted as money​

Answers

Answered by nithinraj4
16

Answer:

The modern currency is without any use of its own because it is not made of precious metals such as gold or silver but included paper notes or coins. It is actually used as a medium of exchange in order to buy or sell something.

Answered by nasirulhaq6595
7

Answer:

HERE IS YOUR ANSWER DEAR...

Explanation:

A. Modern forms of money include currency-paper notes and coins.

B. Unlike the things that were used as money earlier, modern currency is not made of precious metals such as gold, silver and copper. And unlike grain and cattle, they are neither of everyday use.

C. The modern currency is merely a paper currency and it is accepted a medium of exchange because it is authorized by the government of the country. So the modern currency is without any use of its own.

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