Social Sciences, asked by screamersilent4, 7 months ago

explain the role of money as the medium of exchange

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Answered by Anonymous

10

Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another.

Answered by ruby39874

1

Answer:

Money serves as a medium of exchange, as a store of value, and as a unit of account. Medium of exchange. ... Without money, all transactions would have to be conducted by barter, which involves direct exchange of one good or service for another.

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