Question

Medium of exchange is ________ function of money. (primary / secondary / contingent / additional), Fill in the blank with appropriate alternative given in the bracket.

Answer 1

$\large{\mathfrak{Answer -}}$

Primary is the correct answer.

Medium of exchange is $\textbf{\underline{primary}}$ function of money.

Answer 2

Answer: The medium of exchange is the primary function of money.

Explanation:

Money helps to facilitate the transaction because Generally, people believe money is precious.

Money is the primary source for the economy. Money is called the medium of exchange because it can be used for transactions and the exchange of goods and services.

Money is a widely accepted payment for revenues and assistance.

In ancient times people exchange their money into tobacco, gold coins and stones.