how is money used as a medium of exchange explain with examples
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11
Hii friend here is ur answer
A medium of exchange is something that buyers will exchange with a seller when they want to purchase goods or services from the seller. While many things could be used as a medium of exchange in an economy, money is the most common and useful medium of exchange in our society.
Hope it helps u ❤❤❤❤
A medium of exchange is something that buyers will exchange with a seller when they want to purchase goods or services from the seller. While many things could be used as a medium of exchange in an economy, money is the most common and useful medium of exchange in our society.
Hope it helps u ❤❤❤❤
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4
Money is used as medium of exchange.
It is accepted by everyone.
It is issued by RBI.
eg.
we want to buy shoes. so, we direct buy it by giving money to seller.
It is accepted by everyone.
It is issued by RBI.
eg.
we want to buy shoes. so, we direct buy it by giving money to seller.
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