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Class 12 Tuition > Learn Economics > Why is modern currency accepted as a medium of exchange...
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Why is modern currency accepted as a medium of exchange without any use of its own?

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modern currency is accepted as a medium of exchange without any use of its own. 1). The modern forms of money include currency- paper notes and coins. 2). Unlike the things that were used as money earlier, modern currency is not made of precious metal such as gold, silver, and copper and unlike grain...
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modern currency is accepted as a medium of exchange without any use of its own. 1). The modern forms of money include currency- paper notes and coins. 2). Unlike the things that were used as money earlier, modern currency is not made of precious metal such as gold, silver, and copper and unlike grain and cattle, they are neither of everydayvuse. 3). Money is yet accepted as a medium of exchange beacause it is authorized by the government of India read less
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