Name the modern form of money and explain it's features
We are using Rupees in the modern form of money. We can also use Checks , Demand Draft as a form of money.
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- If we have money or registered currency of a country, then we can buy or sell any commodity or service in the form of that currency.
- We don't need to search for a person who needs to sell or buy the required commodity that we need.
- We can directly give any thing according to the weight, amount, quality, quantity to any one in the exchange of money, but the exchange should be legal.
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