Question

what are modern forms of money? explain with examples​

Answer 1

Modern form of money includes currency, paper notes and coins. As we used money earlier modern currency is not made up of precious metals such as gold, silver and the copper.

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Answer 2

Answer:

In the modern monetary systems, there are three forms of money in actual use: (i) Metallic Money, (ii) Paper Money, and (iii) Credit Money. The first two kinds of money are in the form of currency money and the last one is credit or bank money