What are the modern forms of money currency in India. Why is it
accepted as a medium of exchange?
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2
Answer:
••Modern forms of money include currency (paper notes) and coins
•• It is accepted as a medium of exchange because the currency is authorised by the government of India. No individual in India can legally refuse a payment made in rupee.
Answered by
0
Answer:
Rupees are the modern form of money currency of India.
It is authorised by the government of India.
The law legalises the use of rupee as a medium of payment and settling the transaction.
No one can refuse a payment made in rupees
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