Question

Why is modern currency accepted as a medium of exchange without any use of its own . give reason

Answer 1

Answer:

money because we need money because we have to buy things and to know the quantity of things borrowed from one to another avoiding the exchange of excess capacity Lake water system who borrow goods for goods

Answer 2

Answer:

Modern currency is accepted as a medium of exchange without any use of its own because:  

1. Modern currency is authorized by the government of a country.  
2. In India, the Reserve Bank of India issues all currency notes on behalf of central Government.  
3. No other individual or organization is allowed to issue currency.  
4. The law legalizes the use of rupee as a medium of payment that cannot be refused in settling transactions in India.  
5. No individual in India can legally refuse a payment made in Rupees.

Hope it helps you ^_^