How does the use of money make it easier to exchange things?
Answers
Answered by
27
(i) it is accepted as a medium of exchange. (ii) it serves as a unit of value. (iii) it solves the problem of double coincidence of wants.
Answered by
20
Hey mate, here is the answer of your question I hope it helps you.... inform me by comment
Use of money as made exchange of things very easy as it has eliminated following problems
1. Double coincidence of wants.
2. store of value
3. Transfer of value
4. Measure of value
5. problems in trading indivisable good
6. System of accounting
if you want further explain of point then i can also do that
Use of money as made exchange of things very easy as it has eliminated following problems
1. Double coincidence of wants.
2. store of value
3. Transfer of value
4. Measure of value
5. problems in trading indivisable good
6. System of accounting
if you want further explain of point then i can also do that
Anonymous:
hi sanskruti
i hope my answer helped you
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