Question

why is money accepted as a medium of exchange?

Answer 1

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.

Answer 2

BcoZ money is that thing from which we can buy anything...from anywhere..

Firstly,we can exchange material through material but to earn & get anything..

Money are used