Question

How does the use of money make it How is money beneficial in transactions?easier to exchange things? Give an example.

Answer 1

Answer:

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Explanation:

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Answer 2

Explanation:

The use of money makes it easier to exchange things because • it is accepted as a medium of exchange. • it serves as a unit of value. • it solves the problem of double coincidence of wants.

money acts as a standard mode of payment' involving transactions. For example - Suppose a shoe manufacturer wishes to sell his shoes and buy wheat. He would sell his shoes in the market for money and then use the money to buy wheat. However, if he had to sell his.

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