what are the modern from of money.why are they ecceped as a medium of exchang
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Modern currency is accepted as a medium of exchange: ... 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
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Cause money will always be money. It can never be changed. That is why it is accepted as medium of exchange.
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