How does the use of money make it easier to exchange given example?
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How does the use of money make it easier to exchange things? Give an example. Money acts as medium of exchange as it facilitates exchange through a common medium i.e. currency. With money as a medium, the two components of a transaction namely, sale and purchase can be easily separated.
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The use of money makes it easier to exchange things because
it is accepted as a medium of exchange.
It solve the problem of double coincidence of wants.
Money acts as a medium of exchange as it facilities exchange through a common medium i.e.currency.With money as a medium, the two components of transcription namely, sale and purchase can be easily separated..
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