Question

Why is modern currency accepted as a medium of exchange without any uses of its own find out the reasons?

Answer 1

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. ... Thus, modern currency is accepted as a medium of exchange without any use of its own.

Answer 2

Modern currency is accepted as a medium of exchange because it is authorized by the central government of a country. 2. In India, RBI issues the currency notes and it is illegal for any other organization or individual to issue the currency.