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Q.

Currency in today's world consists of:


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a

Coins and Paper notes

b

Barter system.

c

Both 1 and 2

d

None of these 

answer is A.

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Detailed Solution

Currency in today's world consists of coins and paper notes. Modern cash is not constructed of precious metals like gold, silver, or copper, unlike the items once utilised as payment. Furthermore, they are neither of daily use, unlike grain and animals. The current money has no purpose of its own. Cattle and grains were utilised as a means of exchange for commerce. Money was invented as a means of exchange since this type of money lacks a set value. The deal was simple and seamless because of paper notes and coins.
 
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