The modern currency is without any use of its own. Can you justify the statement.
Answers
Answered by
3
Hello user !!!
Your answer :-
Yes , I agree with the statement.
Because the modern curreny is depending upon paper now a days.
In earlier times people used gold , silver, Bronze coins.
We can ,at present find the scarcity of cash in ATMs
It is because of scarcity of paper.
And it was because of Vijay Malya ans Nirav Modi who had lots of money.
Though Modi starterd Demonitisation , it didn't work on rich people instead it showes an Impact upon Poor people.
Hope this helps you :)
Your answer :-
Yes , I agree with the statement.
Because the modern curreny is depending upon paper now a days.
In earlier times people used gold , silver, Bronze coins.
We can ,at present find the scarcity of cash in ATMs
It is because of scarcity of paper.
And it was because of Vijay Malya ans Nirav Modi who had lots of money.
Though Modi starterd Demonitisation , it didn't work on rich people instead it showes an Impact upon Poor people.
Hope this helps you :)
Answered by
0
Answer:
Explanation:
Money is accepted as a medium of exchange because it is authorised by the government of the country.
️ If a person wants to get something in exchange of some other thing he wants to find a suitable person to trade with.
In this barter system double coincidence of wants is needed .
Therefore it is difficult to find someone with the same need.
To make this easy money - a commo currency - can be used in place of the other things.
If it helps please vot e 5 s
TQ
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