Why is currency accepted as a medium of exchange? | Faculties

M

Mr. Dubey

🎓 Coach ⭐ 103.11K Points

📊 Banking and Finance

Q. Why is currency accepted as a medium of exchange?

(A) Because the currency is authorised by the government of the country.
(B) Because it is liked by the people who use it.
(C) Because the use of currency has its origin in ancient times.
(D) Because the currency is authorised by the World Bank.

💬 Discuss

✅ Correct Answer: (A) Because the currency is authorised by the government of the country.

You must be Logged in to update hint/solution

💬 Discussion

📊 Question Analytics

👁️

642

Total Visits

📽️

3 y ago

Published

🎖️

Mr. Dubey

Publisher

📈

90%

Success Rate