Question : _________ by the government of a country makes money acceptable as a medium of exchange.
Option 1: Permission
Option 2: Instructions
Option 3: Authorisation
Option 4: Ownership
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Correct Answer: Authorisation
Solution : The correct option is Authorisation.
Because the country's government has sanctioned the money, it is recognised as a valid means of trade. The Central Government of India issues currency notes through the Reserve Bank of India. According to Indian law, no other person or entity is permitted to print money.
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