Question

Why is modern currency accepted as medium of exchange?

Answer 1

Yes, The Modern Currency is without any use of its own.

1) The modern forms of money include currency - paper notes and coins.

2) Unlike the things that were used as money earlier, modern currency is not made of precious metal such as gold, silver and copper and unlike grain and cattle, they are neither of everyday use.

3) Money is yet accepted as a medium of exchange because it is authorized by the government of the country.

Thank You......!!!!!!!!!

Mark as brainliest if helpful...

Answer 2

Answer:

The modern currency is not made up of any 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.

But still it is accepted as a medium of exchange as it is authorised by Government of the country

Explanation: