Question

why money is accepted as a medium of exchange?? any 3 points....

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

so that the world can run
the person can buy something from money and can run the house