how does use of money make a exchange of things easier?
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Answered by
20
The use of money makes it easier to exchange things because
(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.
(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
1
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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