Question

why is modern currency aspected as a medium of exchange without any us of its own​

Answer 1

Answer:

Modern currency is accepted as a medium of exchange:

1. 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.

3. The rupee cannot be refused legally as a medium of payment in India

i hope it help you

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.