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Money and Banking — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsMoney and Banking1 Mark
Question
Why is paper money becoming more popular these days?
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Answer

These days, there is rapid increase in economic transactions due to economic development. Hence, the use of paper money has become more popular, as it has general acceptance and is convenient to carry.

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