why is money accepted as a medium of exchange??
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In India, it is money that is accepted as a medium of exchange for the following reasons:
• Money is a currency that is authorized by the Indian government.
• The currency notes are issued by the Reserve Bank of India as permitted by the Central Government and no other organization or individual has the right to do so
• It is the law that has made the utilization of rupees legal in India which is fixed.
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it is accepted as a medium of exchange becz the currency was authorized by the government of the country.
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