Economy, asked by hariniamma, 1 year ago

how do money act as a medium of exchange

Answers

Answered by Eshal111
3
A medium of exchange is something that buyers will exchangewith a seller when they want to purchase goods or services from the seller. While many things could be used as a medium of exchange in an economy, money is the most common and usefulmedium of exchange in our society. I hope this answer helped please mark as brainliest.....
Answered by palaksinghania
0
1.in many transactions in our daily life goods are bought and sold with money.

2.a person holding money can easily exchange it for any commodity or service.

3.everyone prefer to receive payments in money.
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