Question

how is money used as a means of exchange explain with examples​

Answer 1

Money is used as a medium of exchange by: 1. Goods and services can be bought and sold with the use ofmoney. For example, someone who wants shoes can buy it with moneyand if someone wants to sell shoes, that also can be done by receivingmoney.

Answer 2

Money is a form of currency used as medium of exchange.
1. It act as intermediate in the exchange process
2.The ' medium of exchange ' function of money implies that money is generally acceptable by the people they can buy goods and services they need using money this that is Money facilitates material trade
3. the medium of exchange is an important function of money it means that money act as intermediatery for the goods and the services in exchange of transaction, use of money as a medium of exchange has remove the major difficulty of double coincidence of wants in barter system.
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