why is morden currency is accepted as a medium of exchange without any use of
Answers
Answered by
2
Answer:
Modern currency is accepted as a medium of exchange: ... 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.
Answered by
2
Answer:
Modern currency is accepted as a medium of exchange without any use of its own because:
(i) Modern currency is authorized by the government of a country.
(ii) In India, the Reserve Bank of India issues all currency notes on behalf of Central Government.
Similar questions