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Rupee is widely accepted as a medium of exchange explain |
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Answer» In a barter system goods are exchanged without the use of money it is very essential feature. But for example there is a farmer who wants to exchange his goods from money now he can buy any goods or jobs he needs because the money acts as a medium of exchange.. the rupee is widely accepted as a medium of exchange\xa0because of the authentication of the Reserve Bank of India (RBI). Bcoz its easy way of exchange than barter system and it\'s also authorised by a government. |
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