Goods are directly exchanged without the use of money in this system.

_________ is called the medium of exchange

________ and ________ are the ancient forms of money

The currency is authorised by the ________ of the country

In India, the ________ of India issues currency notes on behalf of the central government

The _____ legalises the use of rupee as a medium of payment that cannot be refused in settling transactions in India.

No individual in India can legally refuse a payment made _________.

Banks accept the deposits and also pay an amount as ________ on the deposits.

Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called _________.

A ________ is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been issued.

The modern forms of money are ______ and _______ .