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Give three features of modern currency.

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Give three features of modern currency.

    • Posted by Chanchal Kabra 4 years, 7 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Gunn Bhatia 4 years, 7 months ago

    Modern forms of money include currency (paper notes) and coins. 1.It is accepted as a medium of exchange because the currency is authorised by the government of India. 2.No individual in India can legally refuse a payment made in rupee. 3.Any person holding money can easily exchange it with any commodity or service that he desires. 4.It acts as intermediate in the exchange process of different countries.

    6Thank You

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