BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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For a medium of exchange to be widely accepted and used, the object must not only be valuable but also
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easy to make into different colors.
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contain some sort of national symbol or motto.
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divisible.
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made of paper.
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Explanation:
Detailed explanation-1: -In modern economies, the medium of exchange is currency.
Detailed explanation-2: -1. Modern currency is accepted as a medium of exchange because it is authorized by the central government of a country. 2. In India, RBI issues the currency notes and it is illegal for any other organization or individual to issue the currency.
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