हाउ डस द यूज़ ऑफ मनी मेक एक्सचेंज ऑफ थिंग्स? एक्सप्लेन विद एग्जांपल्स।
Answers
Answer:
Money in our daily life acts as a medium of exchange.A person having money in his hand can exchange money for the services and commodities he wants
Explanation:
The use of money makes it easier to exchange things because it has value at universal level. Each and every country has its own currency and has values for it in other country too. Consider a situation in which a sugar seller demands 1 camel for a 10kgs of sugar, the person who has camel alone can buy sugar. The person without camel can never buy sugar.
Consider another situation in which a foreign touristor visits India. He has currency of his own country. As his currency has value in India he can easily exchange his currency with that of Indian currency and can enjoy his visit.
Hence use of money makes the buying as well as selling process an easier one. It is because all people may be poor or rich may have some amount of money to afford their needs.