Question

how money act as a medium of Exchange????????​

Answer 1

Answer:

• money activation video movie exchange it helps people by saving their time for example A shopkeeper who wants to buy wheat will first exchange resource for money and the money for this is why money is helpful .

- @RaunacYadav

Answer 2

ANSWER :-

money can be exchanged for any kind of service of one need or choice. Before money was introduced, people practised Barter system. They exchanged goods with each other .

The problem with barter system was that both the parties had to agree to sell and buy each other product .This is know as double coincidence of wants

A unit of account is a standard numerical unit of measurement of the market value of goods, services, and other transactions.easurement of the market value of goods, services