Social Sciences, asked by akitkumar873, 6 months ago

why is modern currency accespted as a medium of exchange without any use of own ?give reasons

Answers

Answered by LastShinobi

Answer:

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

Explanation:

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Answered by DarkenedSky

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.

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