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