UrbanPro

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

Why is modern currency accepted as a medium of exchange without any use of its own?

Asked by Last Modified  

Follow 1
Answer

Please enter your answer

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...
read more

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
Comments

Related Questions

As the supply of tomatoes increases in your local mandi, its price drops. When the local harvest starts reaching the market, the price of tomatoes drops from Rs. 40 per kg to Rs 4 per kg or even less. Is there any relationship between two variables?
The fall in price of tomatoes when the local harvest starts reaching the market is due to following two readons: 1. When supply is in much excess of demand , as per basic theory of economics the price...
Meenakshi
0 0
5
Should I join JEE coaching in class 11?
If u have interested then join autherwise do not join.
Yash
0 0
5
How do I manage school and coaching effectively in class 11?
Give Yourself some times to study atleast 1hr-1.5hrs late at night!At night,u first complete all your studies and home work for very next day.If u cant complete withing these hours left it behind and try...
Raj
0 0
7
How do I start preparing for JEE MAINS from class 11 without using coaching?
Apart from your daily study routine, you have to spend at least 2 to 3hours to clear only basic concepts of any subject.
Vishvajeet
0 0
5
What is the best coaching in Kota for class 11?
Well, for Medical you should consider "Allen Coaching Institute" and work hard to get into the top batches. They provide the batches to you according to your potential by Reshuffling which is done after...
Sounak
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Utility and its features
What is Utility and what are its features?



What is Monetary Policy Committee (MPC) ?
The new MPC is to be a six member panel that is expected to bring "VALUE and TRANSPARENCY" to rate setting decisions. It will feature three members from the RBI- the Governor, a Deputy Governor , and another...

Indian Economy on the Eve of Independence
Questions: What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies? Ans: The economic policies developed by the British...

Recommended Articles

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Radhe Shyam is a highly skilled accounts and finance trainer with 8 years of experience in teaching. Accounting is challenging for many students and that’s where Radhe Shyam’s expertise comes into play. He helps his students not only in understanding the subject but also advises them on how to overcome the fear of accounts...

Read full article >

Urmila is a passionate teacher with over 8 years of experience in teaching. She is currently pursuing her Ph. D. She provides classes for Class 11, Class 12, MBBS and Medical tuition.  Urmila began her career in teaching long before she became a teacher. She used to provide classes for foreign national students in her college...

Read full article >

Looking for Class 12 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more