Question

please tell me that my answer is right or wrong so my question is that why is money accepted as a medium of exchange???!? ans_because it provides good s and services to all

Answer 1

Hey dear here is your answer!!!!!

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It isn't right actually ......

It lacks various vital points

Because it can be exchanged for any good or service it acts as a intermediary instrument and avoids the limitations of barter; where what one wants has to be exactly matched with what the other has to offer.
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Hope it helps u dear.....⭐⭐⭐⭐✌️✌️

Answer 2

yes bro your answer is right but not exactly right the perfect answer is that- money accepted as a medium of exchange because money has a common denominator so it is easy to provide goods and services at their money price when we not considered this in money terms we will not buy and sale it because we don't understand that what will given and what not so we expressed goods at services at money terms.because it has unique and monetary value with common denominator