what is currency? Explain any three features of modern India currency
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A system of money in general use in a particularcountry is called currency.*.Currency is easy to carry and use.*.It is accepted by all over the country as a medium of exchange.*.No double co-incidence of wants.....
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Answer:
Currency is a mode of exchange or the system of money that a particular country has issued.
Explanation:
1. The system of Modern Indian currency is supervised by the Reserve Bank of India.
2. It involves Indian rupees. Notes, coins and cheques are parts of the currency .
3. It is authorized by the government of India and thus can not be refused while any transaction in India.
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