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Why is modern currency is accepted …

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Why is modern currency is accepted as medium of exchange without any use of its own?

    • Posted by Lakshya Bhardwaj 5 years, 7 months ago

    CBSE > Class 10 > Social Science
    • 2 answers

    Riya Philip 5 years, 6 months ago

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    Yogita Ingle 5 years, 6 months ago

    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.

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