Rupee is widely accepted as a …

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Rupee is widely accepted as a medium of exchange explain

Posted by Ashman Kaur 3 years, 10 months ago

CBSE > Class 10 > Social Science

3 answers

Fayaz Ahmad 3 years, 10 months ago

In a barter system goods are exchanged without the use of money it is very essential feature. But for example there is a farmer who wants to exchange his goods from money now he can buy any goods or jobs he needs because the money acts as a medium of exchange..

0Thank You

Shwêtã Árîc 3 years, 10 months ago

the rupee is widely accepted as a medium of exchange because of the authentication of the Reserve Bank of India (RBI).

1Thank You

Miss. Shabista 3 years, 10 months ago

Bcoz its easy way of exchange than barter system and it's also authorised by a government.

2Thank You

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CBSE > Class 10 > Social Science