Modern currency, though of no use in itself, is accepted because it is:

Question

Accepted Answer

B. Authorised by government

1. It is not made of precious metal.
2. The government authorises it.
3. The law makes the rupee legal payment.
_Source: syllabus Understanding Economic Development, Chapter 3, Money and Credit._

Answer

Old and rare to find

Answer

Made of precious gold

Answer

Useful in daily life

Modern currency, though of no use in itself, is accepted because it is:

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