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Q.

[[1]]and[[2]] are modern forms of currency.


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Detailed Solution

Paper notes and coins are modern forms of currency.
Two forms of modern currency are Paper notes and coins. These modern currencies have no value of their own; it only has value because the country's government authorizes them as a medium of exchange. In India, only RBI has the sole legal authority to issue currency notes and coins on behalf of the central government. Nobody can refuse a payment made in rupees because it is a legal tender authorized by the government of India.
 
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