Question

The modern currency is without any use of its own explain

Answer 1

Money is yet accepted as a medium of exchange because it is authorized by the government of the country. Modern currency is not made of precious metal such as gold, silver and copper. And unlike grain and cattle, they are neither of every day use. The modern currency is without any use of its own.

Answer 2

Modern currency is accepted as a medium of exchange because it is authorized by the central government of a country. 2. In India, RBI issues the currency notes and it is illegal for any other organization or individual to issue the currency.