Question

how can money easily be exchanged for goods or services? explain with an example

Answer 1

Hey friend !

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Here's your answer :

Money is known as medium of exchange of goods as goods can be easily exchanged by money.

Introducing money helps in stopping the collateral system which is difficult task in which two individual exchange the goods .

But money now helps in buying things but not exchanging things as followed in collateral system.

# Hope it helps #

Answer 2

Money is known as the medium of exchange of goods...
Take an example :- A fruit seller want a cycle but the shop keeper don't want fruits then the fruit seller can sell their fruits and earn money and then he can buy the cycle with the help of money he earned ✌️✌️
Hope this helps you ✌️✌️
Have sweet dreams :-)