How does the use of money make it easier to exchange things?
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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. Money in use of exchanging things: Explanation: The use of money makes it easier to exchange things because it has value at universal level.
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The use of money makes it easier to exchange things because-
- it is accepted as medium of exchange
- ir serves as a unit of value
- it solves the problem of double coincidence of wants.
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