Question

why is modern currency accepted as a medium of exchange without any use of its own? Find out the reason.​

Answer 1

Answer:

3) Money is yet accepted as a medium of exchange because it is authorized by the government of the country. The modern currency is not made up of precious metal such as gold, silver or copper and unlike grain and cattle, they are neither every day use. Thus, the modern currency is without any use.

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Answer 2

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➡️It is accepted as a medium of a exchange and is sanctioned by the government .

➡️It helps in making easy of transactions which were difficult in barter system.