Question

the rupee widely accepted as amedium of exchane explain eith example

Answer 1

Hello Mate ❤

(i) It is accepted as a medium of exchange because the currency is authorized by the government of the country.

(ii) In India, the Reserve Bank of India issues currency notes on behalf of the Central Government.

(iii) As per Indian law, no other individual or organization is allowed to issue currency.

(iv) Moreover, the law legalises the use of rupee as a medium of payment that cannot be refused in settling transactions in India.

Answer 2

Answer:

because when we had barter system there was the exchange between goods but it wasn't fair as the amountof exchange. would be unequal .

Explanation:

And one more reason would bethe human developments.