How is the use of money makes it easier to exchange things? Give an example.
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Hola mate ◽ ‼️
Here is your answer ll ❤️
a person holding money can easily exchange it for any commodity or service that he or she might want
Eg the shoe manufacturer will first exchange shoes that he has produced for money and then exchange the money for wheat.
Hope it helps you ❤️
Answered by
15
It is easy to exchange things with the use of money because 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.
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