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Modern forms of money includes ____ and coins

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Detailed Solution

The modern forms of money include paper notes and coins. The Reserve Bank of India issues the paper notes in India, and central banks have the authority all over the country to issue or print the paper notes. The ancient form of money included gold, silvers, and bronze coins as people used these to exchange commodities. But that was not accurate for all, and it became difficult for people to calculate the price of the product. Initially, there were not many competitions or quality variants, but at present, there are competitors for every product, and there are also quality variants. So it is easy to have paper notes and coins as modern forms of money.

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Modern forms of money includes ____ and coins