Question

what is currency ? explain any 2 features of modern Indian currency .

Answer 1

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ANSWER ➡⤵

A Currency is a unit of exchange, facilitating the transfer of goods .

2 FEATURES ➡⤵

➡ It is authorised by the government of the country .


➡ its demand and supply can be controlled by the central bank of the country.

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Answer 2

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A system of money in general use in a particular country is called currency.

The two/three features of modern Indian currency are:

#1) Currency is easy to carry and use.
#2)It is accepted all over the country as a medium of exchange.
#3)No double co-incidence of wants.

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