Economy, asked by Atul9435, 1 year ago

How does many act as a medium of exchange

Answers

Answered by inzamam2
1
A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency
Similar questions