analyse the role of money as the medium of exchange
Answers
Answered by
28
Money acts an intermediate for the exchange of goods and services.
Use of money has removed the major difficulty of double coincidence of wants .
The medium of exchange function of money implies that it is generally acceptable by the people.They can buy goods and services using money.
Mine also offers economic freedom to people.
Answered by
1
Answer:
Money is the store of value and is widely accepted as medium of exchange.It overcome the problem of double coincidence of wants
Explanation:
Similar questions