1.

Why money is accepted as a medium of exchange?? any 3 points....

Answer»

a, it is money that is accepted as a medium of exchange for the following reasons:• Money is a CURRENCY that is authorized by the Indian government.• The currency notes are ISSUED by the Reserve Bank of India as permitted by the Central Government and no other ORGANIZATION or INDIVIDUAL has the RIGHT to do so• It is the law that has made the utilization of rupees legal in India which is fixed.



Discussion

No Comment Found

Related InterviewSolutions