Question

Which is modern currency accepted as a medium of exchange without any use of its own

Answer 1

still it is accepted as a medium of exchange as it is authorised by Government of the country. In India, the Reserve Bank of India issues currency notes on behalf of the central Government. Thus, modern currency is accepted as a medium of exchange without any use of its own.

Answer 2

currency is accepted as a medium of exchange because it is authorized by reserve bank of India on the behalf of central government