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What are the various forms of modernmoney? |
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Answer» Modern forms of money 1. Currency-paper notes and coins. They are not made of precious things and are not of daily use. They are accepted as a form of money because of government authorization. 2. Bank deposits are also a form of money. People can open bank accounts and make demand deposits. 3. Cheques act as a medium of exchange possible through bank accounts. It's a paper that makes the bank transfer money from one person's account to another. ' |
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